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Rumors about a Spanish bailout - including ECB bond buys - aren't enough to move the needle...
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Thursday, August 23, 2012, 11:04 AM ETRumors about a Spanish bailout - including ECB bond buys - aren't enough to move the needle on stocks, but do send the euro hurtling higher by nearly 50 pips. Old habits die hard. FXE +0.5%. Shares in Madrid remain lower by 1.4%.
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Anyone buying the euro at this price is either a
Pure genius or a total idiot, depending on the final outcome.