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Bad news for peripheral exporters: euro to appreciate

The euro appreciated 7.4% in the past twelve months, futures speculators moved to a net long position with 53% of open interest expecting currency to appreciate

By Richard Nehme | Dec. 9, 2013 11:35 GMT
Euro continues to benefit from weaker USD
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Friday’s non-farm payrolls in the US revealed that 203,000 jobs were created, well ahead of estimates. This is likely to have far-reaching implications for several of the world’s leading currencies [...]

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