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EUR/USD slips as European stock markets prepare to open
Since the last update here on the EUR/USD, the Euro has fallen back from earlier levels. That has seen the Euro dip close to 1.1340. Perhaps it is worth noting there is a very sizeable (Euro 3.5 billion) EUR/USD option due to expire today and the strike rate on that is set at 1.1250. Now that is not to say the Euro will fall back closer to that level, because it might not, but it is worth drawing your attention to that level, in case the price slips further between now and when that falls due, at 2pm GMT this afternoon. The EUR/USD is right now 1.1341
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