Eur Review
Quotes from RBC Capital Markets:
EUR-crosses: Spain issued EUR3.6bn of bills (greater than the max target of 3.5bn). The 3m auction was particularly strong, with bills issued at 0.946%. Also overnight, Spanish Q2 GDP was confirmed at -0.4%q/q though the composition was very weak.
-In EUR/CHF, the SNB's Jordan spoke on Swiss TV and reiterated that the SNB will defend its floor "with all means". Meanwhile EUR/GBP is trading through trendline resistance at 0.7930/35 (spot 0.7950), bringing 0.8000 into sight.
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