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Euro Stages A Rebound Despite Weak Data

posted by Avatar fx360 711 days ago in USD, EUR, Daily made popular 711 days ago

Yesterday’s risk rally in FX reversed in the wake of weaker than expected data from Germany and UK and Moody’s downgrade of Greek bonds to junk status, but the correction did not last long and by mid day of European dealing both euro and sterling were trading at session highs. The EUR/USD dropped below 1.2200 after ZEW survey dropped to a more
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