ForexLive North American wrap: Euro breaks 1.25

Catalonia calls for govt financing help Spain injects 19 billion euros into Bankia S&P downgrades Bankia, Banco Popular to junk Spain not considering EU help for banks BOE's Weale: Weak GDP strengthens QE case Dutch PM: We will never allow eurobonds U Mich final consumer sentiment 79.3 vs 77.8 exp Greek tourism revenues down 15.1% in Q1 Van Rompuy: Confident Greek people will make the right choice Poll: Syriza 28.5$, ND 26% EUR shorts hit record USD leads, CAD lags Small closing changes across the board but there was some movement. Particularly in EUR/USD, which dropped as low as 1.2495, chomping through $1 billion in bids on the. The move was short-lived and inspired short covering to 1.2547. After Europe closed it was a slow bleed lower to 1.2511. USD/JPY slowly moved to 79.63 from 79.53. Yawn. Cable trading had some flavor as EUR/GBP orders and barriers spilled over. A quick early move to 1.5690 from 1.5655 was quickly reversed down to a session low of 1.5629 on the Spanish regional problems. Choppy up-move to 1.5650 afterwards. The commodity currencies are falling late in the day and threaten to close at the lows. USD/CAD broke 1.0300 on two occasions late in the day, breaking a touted barrier at that level. NZD was an outperformer for most of the day but faded to 0.7527 from 0.7583 at the highs. Gold +$13 to $1572; oil flat at $90.76.