EUR: better risk reward else where - Scotiabank

Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explained that the euro failed to react to yesterday’s decision by Fitch to place France on negative outlook and today’s CPI print from Germany was as expected at 0%m/m and 0.8%y/y.
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GBP/USD rebounds after reaching 11-month low

GBP/USD reverse sharply and fell from 1.6066 to 1.5874 reaching the lowest price since November 2013.
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