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Confidence in Euro.

Just few weeks ago, when the Euro was in apparent free fall, there were a lot of voices predicting imminent collapse of the common currency, or even its demise. The EUR-USD dropped to under 1.2000 but right in the midst of "Parity soon" headlines it rebounded sharply to 1.3000 in a little over a month. It even stopped reacting to news that previously had pushed it lower, like the downgrades of credit ratings of European countries. For example.....
(Sunday, 07.18.2010.)
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