As it was informed by "Market Leader (US)"
6ЕU1 and ЕUR/USD: smooth decline
The common European currency is not in a hurry to make sharp moves, slowly proceeding with its retracement. During today’s Euro trading session EURUSD updated the local low. The news about the dissolution of the Spanish parliament in late September 2011 and new parliamentary elections worried the market. The bulls’ morning efforts to gain control failed.