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Analysis - Fresh dollar funding strains bode ill for euro

Posted on 18 November 2011

An increasingly difficult search for dollar funding by euro zone financial institutions will gradually push the euro lower but only a major event such as a sovereign default or a break-up of the currency bloc would trigger a precipitous fall.

The euro has so far held up well against the dollar, trading around $1.35 and still 1 percent higher on the year, despite the spreading euro zone debt crisis. But selling of euro zone assets by spooked investors is likely to see increased demand for the safe-haven dollar……………………………………..Full Article: Source


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