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SEB: Time to deal with the EUR/USD stretch - eFXnews

FXStreet (Łódź) - The eFXnews team remark that the SEB sees the EUR/USD 1.2990-1.3045 area exposed for a test, as price action turned against the trend.
relentless.

Key quotes

"But the upside correctional case would start to wither already on a break back under 1.2902."

"Current intraday stretches are located at 1.2875 & 1.2970."

'This content has been provided under specific arrangement with eFXnews.'

EUR/GBP slightly retreats from highs back to 0.80

EUR/GBP opened the day at 0.8032, and decided to retreat a bit posting 0.8008 session low in Europe.
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China: Should the RMB be the world’s strongest currency? - ING

Tim Condon from ING believes that the PBOC's strengthening the yuan fix by 0.3% yesterday and by another 0.15% today was a response to the record August trade surplus reported on Monday.
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