EUR/USD has displayed a lot of volatility this week, and this trend is continuing in Friday trading. After rallying following some impressive US data, the euro has reversed direction, and is trading in the mid-1.33 range. There was good news out of Spain, as the country's borrowing costs dropped in government auctions. Looking at Friday's releases, there are no Eurozone economic releases scheduled for today. The markets will be waiting for the US to release Preliminary UoM Consumer Sentiment, which is one of the most important consumer indicators.
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