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ECOFIN Meetings Underway, Euro Takes a Dive

Posted by FXalhabib on September 16th, 2011

ECOFIN (The Economic and Financial Affairs Council) meetings are underway in Poland to discuss and resolve the Eurozone debt crisis. The major topic in the meetings will be the Greek debt and its next installment payment, which is opposed by a couple of EU members without receiving collateral. EUR/USD has dived to the 1.3752 after hitting the 1.3934 high.

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