Olli Rehn, the EU’s economic affairs commissioner, says Spain is taking important measures to tackle its budget deficit. Spain is on the right track, he says while strongly encouraging Spanish authorities to continue on the same track with the “same boldness and determination”.
Gag me…
EUR/USD is consolidating its gains, testing important resistance in the 1.3070/80 area. 1.3071 is the 200-day moving average while 1.3080 is the 38.2% retracement of the decline from 1.3435.
