Eurozone tension expected to cross the Atlantic
The eurozone is widely believed to have entered a period of stagnation following last month's European Union summit in Brussels and attention is now expected to turn to the US, where market events could unravel over the next 12 months as a result of the presidential elections and the contentious debt ceiling of $16.4 trillion, which is due to be hit between September and year-end, according to foreign exchange strategists.
The euro fell sharply against the dollar last week, trading at 1.2307 on
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