The euro erased most of its recent gains in trading yesterday, as investors once again shifted their attention to Spain's debt issues, which in turn led to risk aversion in the marketplace. Additionally, investors had little hope that a meeting among G7 ministers would lead to any breakthroughs in new way to stimulate growth in the eurozone. Turning to today, traders will want to pay attention to the European Minimum Bid Rate and the subsequent ECB Press Conference. While no changes to eurozone interest rates are expected to occur, the press conference may provide clues as to what the ECB plans to do to combat the region's debt crisis.
