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Forex pairs in this Article » (Córdoba) - The flash estimates for the eurozone GDP in Q4 disappointed expectations clearly, says UBS team. "Negative surprises came from all regions, even Germany was a tick below expectations".

"With this data investors found more reason to speculate about an ECB rate cut", they commented. "We do not forecast a rate cut happening, but can clearly see that the expectations help to brings EURUSD to the lower end of our 1.30-1.35 range".
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