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Forex Flash: Moody’s and S&P clash over Slovenian downgrade – Deutsche Bank

FXstreet.com (Barcelona) - In terms of the bourgeoning situation in Eastern Europe, S&P doesn't seem to agree with Moody's call in downgrading Slovenia to sub-investment grade. Indeed, S&P yesterday affirmed Slovenia's A- rating with a Stable outlook and said it does not expect Slovenia to use the ESM to meet funding needs. Investors will see if this will restart the bond sale process for Slovenia.” notes Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank.

Forex: EUR/USD in weekly lows around 1.3040/45

The shared currency is intensifying its intraday correction on Thursday, from highs around 1.3215 to the current area of 1.3040/45, printing weekly lows at the same time...
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Forex: USD/CHF jumps to 0.9360

The US dollar is currently trading higher against the Swiss franc with the USD/CHF extending its gains from 0.9265 area and after breaking above the 0.9300, the pair is trading at the 0.9360 level.
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