mikeyjerou Posted July 7, 2012 Report Posted July 7, 2012 *EUR/USD pegged to the lows as ECB's Coeure pours a bit of gas on the fire. *Coeure says ECB will buy bonds on the secondary mkt if it need to for monetary. *policy and will not do so otherwise; ECB lending to ESM to buy Govt bonds in. *unlimited manner wouldn't comply with EU treaty. *Mkt sees no bounce for EUR/USD; Through 1.2260 targets July '10 low (1.2190). (fxstreet)
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