relentlessforex

EUR/USD: EARLY DECEMBER 2002 LOWS AT VIEW

FX:EURUSD   Euro / U.S. Dollar
Costly natural gas prices and ongoing supply threats leave the eurozone facing elevated recession risks.”

“A data-dependent ECB may look to tighten again at its next meeting. However, recession concerns and fragmentation risks, due to rising credit concerns, point towards early December 2002 EUR/USD lows at 0.9863 remaining in view.”

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