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Daily outlook for EUR: UniCredit

Friday, February 27, 2015 7:52 AM UTC

Quotes from UniCredit Research:

-EUR: The EUR-USD picture worsened yesterday after the 1.5% daily fall following stronger US durable goods orders and wages. Still, we cannot rule out that a lower US GDP growth revision for 4Q-14 may induce some short covering today, but we doubt that this will be enough to pull EUR-USD back into the 1.13-1.14 band of recent days, with latent selling pressure that may resume quickly.

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Daily outlook for EUR: UniCredit

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