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EUR/USD Rebounds on Short Covering

posted by Avatar fx360 206 days ago in USD, EUR, Daily made popular 206 days ago

After a rudderless G7 meeting over the weekend that saw no resolution on the Greek crisis, risk currencies drifted lower once again at the start of Asian session trade, but rebounded sharply on short covering flows when European markets opened for business. The G7 meeting produced no concrete agreement on the issue of Greece’s fiscal problem.
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