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EUR/USD Loses Ground as ECB Revises Down Growth Outlook

posted by Avatar forexcrunch 288 days ago in USD, EUR

EUR/USD continues to drop, as the ECB revised its growth outlook downward for 2012. The markets are hoping that the ECB will soon take action to tackle the crippling debt crisis. In particular, there is growing pressure on the central bank to take steps to cut borrowing costs in Spain and Italy. In economic news, the US Trade Balance and Unemployme
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