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Forex News EUR/USD: Will Oil Cool The Potential For 1.20+ In EUR/USD? - BofAML

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Peter

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Bank of America Merrill Lynch FX Strategy Research notes that the rally in EUR/USD this year has been in part a result of a constant tide of negative US political news, reversing the USD-positive policy optimism at the start of the year but given the momentum, markets have started to consider the euro climbing above 1.20-type levels more persistently.

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