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Punters piling into the long euro trade (witness a sharp rise in speculative longs at the CME)...

Punters piling into the long euro trade (witness a sharp rise in speculative longs at the CME) might be interested in a short note from Deutsche which says at $1.3456 Europe is "on the edge" of maintaining competitiveness, and "some member countries are already losing it." FXE +9.2% over the last 6 months.
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