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Euro Setbacks Could Find Support in Favor of Pre-Holiday Consolidation

From dailyfx.com

Markets are expected to lighten up a bit heading into the latter holiday portion of the week, a possible welcome development given the aggressive moves seen in recent sessions. Indeed, the Greenback has once again gained favor, with the currency mostly well bid across the board on a combination of broader global macro concerns and some solid economic data out of the US. The weakness in the Euro and risk correlated assets has been exacerbated by a European Central Bank that remains downbeat with its assessment of its local economy, and in no rush to look to reverse monetary policy. Also seen recently weighing on the ... (full story)

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