Aid Package for Greece Eases Pressure on Euro

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04-30-2010, 03:20 PM

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Aid Package for Greece Eases Pressure on Euro

EUR-USD plunged to a fresh 1-year low of 1.3114 this week as the debt crisis intensified. The European single currency could have bottomed out, however. In our view, the euro is unlikely to fall further, for the following reasons:

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