EUR/USD is getting hit as Portuguese bonds spreads widen again despite the French denial that they are pressuring the country to take a bailout.
The very minimal ECB bond buying in the latest week shows the central banks commitment to throwing good money after bad is clearly waning.
UPDATE: ERROR! ERROR!
My bad… I picked up 5-year spreads rather than 10s…The 10-year spreads are at the right…Portugal has widened but only back to 408, not 414…
