Euro maintains bull run
MARKET NEWS
The euro maintained its bullish trend early last week although gains were capped on Thursday after the release of more positive economic data from the US, says Matthew Clements (right), economist at Prebon Yamane in London
The euro’s temporary push to a five-month high through $0.92 came after the International Monetary Fund warned that the size of the US trade deficit could prompt a sharp downward correction of the dollar. This came on top of negative sentiment over the outlook for the US
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