Spanish Eco Min: European bank aid program likely to end as scheduled

I would not bet a nickle that Spanish banks would be able to stand on their own without considerable aid for some time to come, especially as the ECB tries to come to grips with the real state of the European banking system in advance of taking full responsibility for bank regulation.

Flash: AUD/USD may continue to shy away from the 0.9500 – OCBC

Emmanuel Ng of OCBC Bank, mentions that the AUD/USD may continue to shy away from the 0.9500 ceiling in the near term as markets remain on tenterhooks amid background US fiscal concerns and ahead of the deluge of Chinese data this week.
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USD/JPY falters ahead of important 98.70/75 resistance

USD/JPY has slipped back in its range after being capped at the important resistance level of 98.70. Bids are seen on dips to 98.35 support but a clean break of that level should see a further pullback toward the 98.00 level.
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