FOREXYARD: Forex News Blog

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Market Review 14.5.12 Posted: 14 May 2012 02:45 AM PDT The euro fell to a four-month low against the USD in overnight trading following news that Greek politicians have once again failed to form a new government. Investors are concerned about the possibility of Greece exiting the euro-zone. Risk aversion in the marketplace also caused the AUD/USD to drop below 1.0000 in morning trading. Main News for Today EUR Industrial Production 09:00 GMT • Forecasted to come in below last month's figure • The news could result in further losses for the euro against the USD and JPY Italian 10-Year Bond Auction • No definitive time set for the bond auction • Should demand for Italian bonds be low, the euro is likely to drop further as a result

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