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EUR Squeeze Provides Attractive Opportunity To Sell
Investors will likely take stock of the proposed European policy inventory this week. In doing so, many may conclude EUR will struggle to continue higher. While latest European policy proposals regarding bank recapitalisation and deposit insurance are clearly constructive for sentiment, they are unlikely to counteract fiscal coordination concerns. This assessment will likely limit EUR/USD upside early in the week before the subsequent combination of a 0.25% ECB cut and downbeat growth assessment send the pair lower once again. Looking further ahead, there is one important issue that may begin to act in favour of ... (full story)
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