EU Morning Report_1102_Investors look to ECOFIN for euro

The euro (EUR) found support against the US dollar (USD) at 1.3353 after Thursday’s European Central Bank (ECB) press conference. The Eurozone is still under the watchful eye of investors who see more risk emerging in the currency block than last month. The risks of Spanish and Italian bonds, amid political commotion, as well as the Cyprus’ debt and banking crisis seem to be causing jitters to investors in the single currency. Today’s Eurozone finance ministers meeting may clear the fog, although their track record does not make that a likely scenario.

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