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Euro Tumbles Lower as Austria Nationalizes Hypo Group

posted by Avatar DailyFX 893 days ago in EUR, GBP, Fundamental made popular 893 days ago

The Euro pushed back below the 100-Day SMA (1.4647) and slipped to a fresh monthly low of 1.4523 as the Austrian government nationalized Hypo Group Alpe Adri, the sixth largest bank in the region, in an effort to prevent the collapse of the European banking system.
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