Forex Flash: Dual concerns weighing on risk sentiment – Danske Bank
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EUR/USD
FXstreet.com (Barcelona) - Uncertainty surrounding Greece and the fiscal cliff are both factors weighing on EURUSD write the Danske Research team.
They note the fact that the market doesn't appear to already be spectacularly short the Euro as a reason for seeing a skew towards downside EURUSD pressure ahead in the short term. They believe that surprisingly weak German Industrial data earlier this week will have added to the building risk off sentiment that the market has seen recently.
They note the fact that the market doesn't appear to already be spectacularly short the Euro as a reason for seeing a skew towards downside EURUSD pressure ahead in the short term. They believe that surprisingly weak German Industrial data earlier this week will have added to the building risk off sentiment that the market has seen recently.
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