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Euro lags commodity currencies recovery on ECB risks

Posted on 07 March 2013

The euro lagged gains in growth-linked currencies on Wednesday, held back by concern that the European Central Bank could flag future interest rate cuts after its monthly policy-setting meeting on Thursday.
European stocks rose, mirroring the record high hit on the Dow Jones industrial average and lending support to commodity currencies like the Australian dollar. But the euro still has some way to go before it breaks above its downtrend since early February………………………………………..Full Article: Source


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