EUR/GBP at new life-time highs |
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On Friday, EUR/USD basically developed a sideways trading pattern. The pair continued to trade in the high 1.57/low 1.58 area and in this respect the single currency easily maintained the gains booked earlier last week. The higher than expected regional EU CPI data only reinforced market feeling that the ECB has not much room to ease monetary conditions any time soon and this continues to support the euro. Early in US trading, the dollar tried to regain some ground, but these gains were not Read More...
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