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spanish debt

Bobbys Corner-Open Market-Jan.6.2011

bob-slade-forex-2-150x200Good Morning:

The USD continued to trade stronger in the overnight sessions.  Concerns that the slow recovery in some EU countries will keep the debt crisis on the front burner for some time to come.  China stated that it will buy 6 billion euro of Spanish debt.  Investors will be looking to see if China’s purchases can calm speculators-or will Spain be the next recipient of an EU bailout?

 World equity markets traded higher-and US Futures are also pointing to a higher opening this morning.

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