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A real euro recovery? Traders think so

Long bets on the current strength of the euro are piling up showing a trend of confidence in the common currency area's economic near future

By Richard Nehme | Oct. 29, 2013 10:06 GMT
Euro continues to benefit from weaker USD
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Pending home sales in the US fell by 5.6%, compared to a forecast 0.5% increase in September. The US dollar seemed to shrug this miss off as it strengthened to a fair extent. This could signify the US dollar's return to the world's premier reserve currency after the recent Congress shutdown [...]

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