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Euro Eases to New 2014 Lows

From marctomarket.com

The euro slipped through the low of the year and the weekly trend line going back to 2012. However, it found bids near $1.3460 and has recovered a bit. The key on the upside now is $1.3500. A move above there and the technical tone can begin stabilizing. The lower than expected core US CPI reading has helped. The yen has also ticked higher as Treasury yields ease. The core CPI rose by 0.1%. The consensus expected a 0.2% increase. The year-over-year rate actually slipped to 1.9% from 2.0% The headline rate rose the expected 0.2%, but roughly 2/3 of that gain can be traced to the 3.3% rise in gasoline prices, which ... (full story)

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