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Euro Short Covering Ahead of Event Risk and on ECB Details

posted by Avatar fx360 740 days ago in USD, EUR, Daily made popular 740 days ago

The price action in the financial markets overnight suggests that the weekend has brought no relief to investors who are still extremely nervous about the sovereign debt crisis in Europe. During the Asian trading session, the euro plunged to a 4 year low against the U.S. dollar while the British pound fell to its lowest level since March 2009.
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