Euro firmer following a comments from Germany’s Ernst that the ECB will provide temporary security of EUR 35 bln during the Greek write-down phase.
Written February 10, 2012 at 3:23 AM EST by John Teister
The Euro has been grinding lower for most of the New York trading day with the Dow closing flat on the day and the Nikkei and Hang Seng both closing in the red. Risk sentiment continued to drag the EUR lower with Dow futures currently down 58 points. The EUR/USD came close to testing support at 1.32344 before the comments was release, we haven’t seen a close below this level since Tuesday.
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