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EUR Shorts Wait for the Next Leg Down
EUR bears are beginning to feel the heat as their currency decides to grind higher, force exiting some of the “weaker” yearly shorts. Last nights “next leg” uptick was fueled by the possibility that China again may warrant another easing cycle to stave off any perception of a recession. The market is speculating that Chinese policy makers may act to spur growth in the world’s second largest economy. The CNY added the most in three-weeks as European leaders boost efforts to tackle the debt crisis. Chinese data yesterday revealed that their import growth fell to a two-year low in December (+11.8% vs. +21%), ... (full story)
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- Jan 10, 2012 7:24am Jan 10, 2012 7:24am
- prashant7
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- iron312719
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- Zozayamusic
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