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EUR Brushes off Retail Sales, Portugal Bailout Talk, Rallies

posted by Avatar FXTimes 386 days ago in EUR, Fundamental, Retail Sales made popular 386 days ago

The EUR/USD was able to brush off some negative fundamentals – a poor retail sales report as well as the announcement of the terms of the bailout for Portugal – and recouped its earlier losses. Expectations are building for a hawkish Trichet and if Friday’s non-farm payroll come in weaker than expected, the EUR/USD pair is likely to test the $1.50
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