We’ve not hear the details but we hear a high-profile US think tank has put out a negative report on Spain. That’s helping push EUR/USD through the small stops in the 1.2225 area.
US equities are easing as well, apparently rejecting another test of the 200-day average in the S&P.
On the positive side, Moody’s says it is concerned about Greek growth but says Greece can avoid restructuring its debt.
