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Could Slower EU Recovery Strengthen the Euro?

From orbex.com

Tomorrow we have the release of a couple of key economic data points from the Eurozone. While generally, GDP figures are what moves the market, tomorrow’s release is the second reading of last quarter’s figure. The unemployment data is likely to get the most immediate attention from the markets. But if we are looking at the long term for the euro, GDP might be more important to watch. Specifically, as we mentioned before, the result opens the door for a second recession in Europe. Generally, that would be bad for the currency. However, given the somewhat unusual circumstances, we might be seeing the EURUSD trending ... (full story)

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  • Category: Fundamental Analysis