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Posted: 11 Jun 2012 12:51 AM PDT The euro moved up over 150 pips against the USD and 140 pips against the JPY during overnight trading, following news that a $125 billion bailout was secured by Spain to help its ailing banking sector. Crude oil also advanced more than $2 a barrel, reaching as high as $86.60. That being said, crude has already started reversing its gains and is currently trading around $85.80. Main News for the Week Tuesday • UK Manufacturing Production Wednesday • US Core Retail Sales Thursday • US Core CPI Friday • US Prelim UoM Consumer Sentiment Read more forex news on our forex blog |
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