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Euro: Recovery stalls near 1.1550 resistance against US Dollar – Scotiabank

Scotiabank highlights that the Euro is slightly softer versus the Dollar after touching levels last seen in mid-June, with fundamentals still supportive as yield spreads turn. Spot has nearly converged with their fair value based on the 2-year Germany–US spread.

Euro: Recovery stalls near 1.1550 resistance against US Dollar – Scotiabank

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