GBP/USD traded in a range of 1.5514 to 1.5560

EUR/USD came under continued pressure in the early Asian session trading to as low as 1.3337 before a slow grind higher to the day’s highs at 1.3386. Trading volumes were extremely thin today with most market participants sidelined after the situation in Europe took a dangerous turn overnight as the Germans failed to find enough buyers for their bonds. As Belgian and French bond yields continued to rise so has risk aversion. Expect further weakness in the currency pair tonight. Barring some

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