Pummeled Euro Takes a Rest |
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The euro, under heavy pressure recently and today hovering above a thin short-term support line against the dollar, began to consolidate its much lower levels, but still with an overall slight selling tone. The euro’s newly-gained weak stigma is likely to remain for quite a while, as was earlier this year the case with the British pound. Even against that, the euro has trended weaker since September. For today’s trading, we do not expect much recovery potential for the euro against the dollar Read More...
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