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More from BAML on currencies: Holding against the crowd a bit, the bank argues an ECB rate cut...

More from BAML on currencies: Holding against the crowd a bit, the bank argues an ECB rate cut is not coming this week, but could come in June if the data remain weak. BAML also suggests the bank may try to maximize the impact of a rate cut by combining it with looser collateral requirements. The euro (FXE) has held its own of late despite increasing signals of easier monetary policy.
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