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Euro Loses Its Luster as Budget Problems Grow

posted by Avatar fx360 1069 days ago in USD, EUR, Technical

The euro was on the back foot throughout Asian and European trade today despite better than expected results from the IFO survey as traders focused on a Wall Street Journal report that suggested German budget deficits could widen significantly in 2010. The pair was under pressure from the start of trade falling through the 1.3900 handle after WSJ
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