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Euro decline over speculation on ECB deposit rate cut

ECB chief economist, Peter Praet, was reported as saying he will recommend a 15 basis point cut in the refinancing rate, with other sources suggesting he will also recommend a cut in the deposit rate

By Richard Nehme | May 20, 2014 12:45 BST
Euro continues to benefit from weaker USD
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EURUSD slipped to lows of 1.3686 yesterday before mounting a recovery to back above the 1.37 level for the day. The pair this morning have edged back under the 1.37 level and are trading at around 1.3695 level, with high impact data due to be released later this week in the form of manufacturing data from the Eurozone, look for volatility then [...]

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