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Forex Flash: EUR/USD potential upside ahead – Danske Bank

The euro sentiment remains subdued in the vicinity of 1.3100 on Thursday, as softer euro docket failed to bolster the cross around 1.3150

In the opinion of A.Lohman Rasmussen, Chief Analyst at Danske Bank, the cross could have left the worst part of the correction behind, adding, “with the latest stabilisation in the peripheral bond markets, clear signs that the US recovery is well on track and Bernanke being in no hurry to ‘exit’ we have now become even more convinced that EUR/USD has bottomed out for now and European clients with income or assets in USD should consider taking advantage of this year’s setback in EUR/USD”.

European markets up on Thursday, Italy pressured as Italy officials comment

The German DAX 30 (+0.66%), the French CAC 40 (+0.32%), the Spanish IBEX 35 (+0.48%) and the British FTSE 100 (+0.06%) are edging higher on Thursday, while the Italian FTSE MIB remains pressured by the policital stalemate taking place in the country.
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Monti: New Italian government should stick to reform plan

During a speech at a Competition Conference in Brussels, outgoing Italian PM Mario Monti said that implementing austerity measures and introducing reforms in Italy had been indispensible, even though it had been hurting growth.
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