News Headline Summary

EU's Rehn statement is said to be about Spain's excessive deficit procedure, according to sources

Reaction details (08:40)

- EUR/USD fell 10 pips over the following two minutes, with the Bund future moving 8 ticks to the upside.

Analysis details (08:42)

- The paring back of the gains seen following the original Rehn statement headline has shown that some had anticipated Rehn could make comments on the prospect of Spanish financial assistance, however these source comments show he is more likely to speak on the topic of Spain's ailing current account.

14 Nov 2012 - 08:38 - - Source: Newswires

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