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HSBC warns ‘euro simply too strong’

David Bloom, global head of foreign-currency strategy at HSBC Holdings Plc in London, said disinflationary spiral in Europe seems to be intact and the euro trades excessively high 

By Undercurrent News | Jan. 23, 2014 12:55 GMT
Euro continues to benefit from weaker USD
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International News

EURUSD showed little movement during Wednesday trading, as the pair continued to trade in the mid-1.35 range in the European session. EURUSD held steady on optimistic IMF forecast In US trading, but opens higher today after stronger than forecast German Flash PMI data, the highest reading in 2 and a half years, the pair trade at 1.3629 at 9.15 GMT this morning [...]

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