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Euro analysis: EUR/USD Bulls Defend Support in the Mid-1.06s
It’s been an interesting day on the European continent so far, with the higher-profile Swiss National Bank and Bank of England leaving interest rates unchanged and the more peripheral Norges Bank and Riksbank both raising interest rates. Lost among all of today’s central bank meetings, the eurozone will release arguably one of its most important economic indicators tomorrow. Individual European countries, then the currency zone as a whole, will publish the latest flash PMI readings, one of the timeliest measures of “on the ground” economic activity. Traders and economists expect the readings to come in at ... (full story)