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EURO Panic Attack is Only a Step Away

From forexblog.oanda.com

The big dollar has traded surprisingly poor despite the lukewarm news on Greece and global equities just about finding their feet in the overnight session. This morning the market has already been exposed to a dismal ZEW headline. The sentiment index fell-9 versus a more modest drop to-2. Even the current conditions fell significantly and hit 87.9. Thus far, it has not been enough for the EUR to shift into reverse. This EUR recovery could falter into the upcoming Greek vote and should prompt fresh sales into strength as the dollar looks to the FOMC for inspiration. Any negative news from the ‘vote’ or the EU Leaders ... (full story)

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  • Category: Breaking News