Germany has affirmed the rating of the German state of Baden-Wuerttemberg and has affirmed the rating of the state bank, Landeskreditbank Baden-Wuertemmberg. S&P says they assume L-Bank, as it is known, will need a bailout from the state but that the state can handle it…
EUR/USD is ticking higher after holding the key area of support in the 1.3165/85 region.
Don’t get caught short down here…We trade now at 1.3212.
