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The euro prints a new 2012 low at $1.2270, off more than 400 pips since the euphoric spike last...

The euro prints a new 2012 low at $1.2270, off more than 400 pips since the euphoric spike last Friday following the summit. The decline went into overdrive at 7:45 ET yesterday morning as the ECB lowered rates just 25 basis points. FXE -5.3% YTD.
Comments (2)
  • Tack
    , contributor
    Comments (13791) | Send Message
     
    In fact, this is all good news for the EU, which has been doubly hamstrung by a substantially overvalued euro. Not only will exports get progressively more competitive, but the propensity for overspending on imports will be tempered.
    6 Jul 2012, 12:14 PM Reply Like
  • Janana
    , contributor
    Comments (2) | Send Message
     
    Hallo evryone,

     

    Can any one please tell me, weather we will be seeing EUR/USD 1.2700 any time soon???

     

    Tnx
    6 Jul 2012, 12:55 PM Reply Like
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