A surprisingly strong reaction to S&P’s late Friday negative revision of Italy’s credit rating, plus Greek torpor, plus Spanish elections…

Either way — the euro’s at a two-month low and just above $1.40 at pixel time. Bonds throughout the periphery are selling off, including Spain and Italy, who are both at their widest spread to Bunds since January…

This entry was posted by Joseph Cotterill on Monday, May 23rd, 2011 at 8:56 and is filed under Capital markets. Tagged with Dollar, euro, eurozone, Italy, Spain. Edit this entry.