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Bobbys Corner-Open Market-May.26.2010

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

The euro continues to trade under pressure as speculation rises that the  the Euro Zone’s debt problems will derail economic growth within the region.  The single surrency weakened as data from Germany showed consumer confidence in the Euro Zone’s largest economy fell, and consumer spending in France  saw a decline.   
Italy’s government approved 26 billion euros worth of budget cuts, as they also struggle to control their deficit.
Markets are also keeping an eye on the political tensions rising on the Korean peninsula.

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