It canada goose uk outlet remains within sight of a seven
market awaits Spain budget
LONDON, Sept 27 (Reuters) The euro traded close to a two week low against the dollar on Thursday as investors awaited a draft budget from Spain that could pave the way for the canada goose factory sale country to request canada goose black friday sale an international bailout.
Uncertainty about when Spain will request a rescue programme has weighed canada goose on the euro in recent sessions, with the single currency coming under pressure as Spanish 10 year bond Canada Goose Parka yields hovered near 6 percent.
Spain is expected to present its 2013 budget draft later on Thursday. canada goose coats A credible budget along with comprehensive structural reforms could build the foundation for meeting conditions for canada goose clearance sale a Canada Goose online Spanish aid package and intervention by the European Central Bank in the bond canada goose store market, analysts canada goose coats on sale said.
The euro was close to flat Canada Goose Coats On Sale at $1.2862, just above a two week low of $1.2835 set the previous day. The euro has support at the 200 day moving average near $1.2826 and around $1.2740, the 38.2 percent retracement of the July to September canadian goose jacket rally.
eyes have been on Spain for Canada Goose sale the last week or so. We have had a big shift in euro positioning recently so going into the budget investors are probably positioned fairly neutral, said Michel Sneyd, FX strategist at BNP Paribas.
Adding to concerns over Spain, the indebted Castilla La Mancha region may seek 800 million euros ($1 billion) in emergency funding from the buy canada goose jacket cheap central government, regional and party sources said cheap Canada Goose on Thursday.
Most strategists canada goose uk shop said Canada Goose Jackets the euro was likely to appreciate if and when Spain requests a bailout to trigger cheap canada goose uk ECB bond buying, although gains would be curbed by concerns about Greece.
reaction to canada goose uk black friday the Spanish budget and whether Spain is going for Canada Goose Outlet a bailout or not High Quality Canada Goose in buy canada goose jacket the near term along with the clear and present danger that Greece presents will be factors that will keep gains limited, said Simon Derrick, head of currency research at Bank of New York Mellon.
Demonstrators clashed with police in Canada Goose Online Athens and Madrid uk canada goose outlet this week in protest over new austerity measures.
Greece international lenders are at loggerheads over how to respond to its debt crisis, threatening more trouble for the euro uk canada goose in the coming weeks.
A Moody review of Spain ratings is also expected this week. A cut could take the country below investment https://www.canadagooseoutleta.com grade and put further pressure on policymakers.
The country securities regulator holds a regular meeting on Thursday.
The yen inched higher against canada goose clearance the dollar to 77.69 yen. It canada goose uk outlet remains within sight of a seven month high of 77.13 hit on Sept. 13, the day the Federal Reserve announced a new round of monetary stimulus.
The euro also dipped against the yen, trading at 99.89 yen after having hit a two week low of 99.71 yen on Wednesday.