Jul 27
As it turned out Friday’s release of the results of the EU bank stress testing exercise proved not to be the event that would push the dollar/euro rate out of its recent range, with a move through the $1.30(resistance) level still eluding the single currency. While the results have brought some stability to the market, thus providing a bit of a lift for the euro, many are skeptical of how stringent the tests actually were, given that only a handful out of the total 91 banks failed.
Dominating the end …
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