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Forex Flash: EUR/USD falling on profit taking? – ANZ

According to the ANZ Research Team, “The euro’s sharp fall over the past 24 hours can be one of two things: Either the market is pricing in a more protracted ‘pause’ in US economic growth or it has just succumbed to an aggressive bout of profit taking.”
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US: Redbook Index at -0.6% MoM

The Japanese yen is extending its generalized depreciation on Tuesday, trading in the 93.15/20 region against the greenback, or 30-month lows, as government officials continue to talk down the currency...
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