Published 04/19/2012
- 9:11 a.m. EST
The June Euro futures contract erased earlier
gains against the U.S. Dollar and is now trading
lower for the session. Overnight the single
currency attempted an upside breakout after
Spain’s well-received auction of government debt.
As concerns about a possible bailout of Spain
eased, shorts likely covered their positions, but
refreshed once it became clear that buyers were
not going to chase the Euro higher.