Euro decline continues
According to data from Bloomberg, EUR/USD traded at 1.2091 ahead of the US non-farm payrolls release, which was tipped to forecast the highest rise in employment since 1983.
The move bumped up prices for three-month EUR/USD options, which rose to 16.250 from 15.500 earlier in the week, but remained below its 12-month high of 17.000 reached on May 20.
“If euro hits 1.2000 there will be a few alarm bells flying as I am sure there are people out there flogging yield-enhancement products to
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