EUR strengthens as Spanish borrowing costs plummet, which investors believe indicates that the ECB is planning something at its September 6 meeting. The next test for the single currency is its 100-day moving average at $1.2601 , although many market watchers argue that most of the upside pressure thus far has been short covering. The euro is stronger by 0.4% at $1.25450 , according to EBS via CQG.
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