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Euro and Pound Go Their Separate Ways

posted by Avatar fx360 1040 days ago in USD, EUR, Daily made popular 1040 days ago

High beta currencies went their separate ways in early morning European trade with euro falling below 1.2550 after Moody’s downgraded the debt of Portugal while cable rallied towards 1.5100 after CPI data printed hotter than expected. The euro was pressured after Moody’s lowered its rating on Portugal by 2 notches as it cited concerns that the
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