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Don't relax just yet, euro-dollar parity's still on its way
The euro hung onto gains on Wednesday after the U.S. dollar tumbled against the single currency on Tuesday, following a spike in German and U.S. government bond yields which rattled markets and pushed investors to reconsider their short bets on the euro. Having touched lows of around $1.04 in March after the launch of the European Central Bank's massive trillion-euro bond-buying program, the euro has climbed against the dollar as European government bond yields have edged higher and a resolution to debt talks between Greece and the euro zone have proven elusive. But longer-term, fund managers invested in U.S. markets ... (full story)
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