- Main priority for Portugal is to consolidate public accounts
- Need political consensus on 2011 budget
- Measures in austerity package not enough
EUR/USD languishing close to session lows, presently at 1.3682 having been down to 1.3673. Sources note Asian buy orders at 1.3670/80 and they’ve so far held the downside. Whether they hold ACB interest not quite sure. Could well do.
