Rising Spanish bond yields combined with fears that the country will soon need an international bailout sent the euro to new lows against its main currency-rivals yesterday. The EUR/USD fell to its lowest level in more than two-years, while the EUR/JPY fell close to a 12-year low. Today, analysts are warning that, depending on the results of French and German manufacturing and services data, the euro could fall further. Traders will also want to pay attention to a speech from Fed Chairman Bernanke. If the Fed Chairman hints at a new round of quantitative easing to boost the US economy, the euro could reverse some of its recent losses against the greenback.
