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Currency market report: Feb 4, 2013

EUR/USD hit a fresh 14-month high on Friday, while Sterling continued to struggle

By Richard Nehme | Feb. 9, 2013 12:50 GMT
Euro continues to benefit from weaker USD
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EUR/USD hit a fresh 14-month high on Friday, as the rising US jobless rate reaffirmed expectations that the Fed will leave record low interest rates on hold for the foreseeable future. The pair hit 1.3711 after the release but has recovered since and has already hit a low of 1.3588 this morning [...]

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