It's been factored in, IMO.
Bail out news from Europe is having zero impact - it popped 50 pips then quickly reversed so its in the market or the traders that were going to trade the bail out news either already traded it or were stopped out, likely the latter.
Market is extremely jittery over Spain. Spain comes out clean for at the foreseeable future then Euro is in the clear for a few months...until it re-haunts the currency again...and it will..
ireland bailout not a done deal yet., page-2
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