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Forex pairs in this Article » EUR/USD (Edinburgh) - Lee Hardman, FX Analyst at the Bank of Tokyo Mitsubishi UFJ notes that EUR/USD looks supported by strengthening Eurozone economic data.

Key Quotes

"The euro has also derived support against the US dollar yesterday from further evidence that the euro-zone economy continues to strengthen which at the margin may reduce the likelihood of further ECB monetary easing in the near-term although low inflation still remains the primary concern.”

“The improvement in the PMI surveys for January signalled according to Markit that real GDP growth in the euro-zone may accelerate up towards 0.3 to 0.4% in Q1."
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