Hard to believe? |
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President Jean Claude Trichet would be inconsistent implementing a currency intervention shortly after another set of hawkish statements. Yet it seems hard to believe for financial markets that another wave of euro?s appreciation is possible any soon. On the last Wednesday, the EURUSD scored the new all time high at 1,5977 after ?higher-than-expected? CPI in the euro zone. A previous resistance around 1,59 has been conquered and from a technical point of view, a rise to the 1,62 could have Read More...
Filed under: Fundamental
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