The euro (Currency:EUR) is yet weaker this morning. Not even a strong PMI reading out of China was enough to shift risk-sentiment into positive territory.
The euro dollar exchange rate is 0.52 pct down on Monday's closing level at 1.2436. (For our latest exchange rate forecasts, please visit our IMT site, access is granted Free via this Facebook entrance page).
The euro pound exchange rate is 0.22 pct lower at 0.8106.
According to the Spanish press, the country is now “negotiating with EU nations” to find a way out for its banks without resorting to a bailout. economy-news