Euro rally against dollar set to be short-lived
MARKET NEWS
Matthew Clements, economist at Prebon Yamane in London, says any gains the euro may have made from the anticipated introduction of euro notes and coins may be short-lived
Euro/dollar moved to a six-week high last week, breaking above $0.90 for the first time since early November and closing above its 200-day moving average for 12 consecutive trading days. The imminent introduction of euro notes and coins on January 1 is undoubtedly providing some impetus for the currency.
However, any gains versus
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