Weak GDP likely to increase downward pressure on Euro

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Uploaded by on Feb 12, 2010

www.tradingfloor.com
The volatility in the Euro and stock markets this week was capped by a disappointing Eurozone GDP that showed little hope for early European recovery. Weak private demand, high public debt and unemployment are the root causes. But combined with an unclear response from the EU to the Greek debt problems it means downward pressure on the Euro is likely to continue, according to Saxo Bank Market Strategist Mads Koefoed.

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