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Forex Flash: EUR/USD; more consolidation ahead - Commerzbank

By FXstreet.com,  August 17, 2012, 02:35:00 PM EDT

FXstreet.com (San Francisco) - Antje Praefckesays, economist at Commerzbank says in a research note: "The FX market is currently lacking clear direction in regard to the main currencies." He continues: "During the summer break there are unlikely to be any new developments through the official channels. The issues of debt crisis and QE3 are not likely to progress before September. As a result EUR-USD is likely to continue its sideways trading with an underlying downward tendency."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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