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EUR/USD - Holding Above 1.31 After ECB Press Conference

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Old 03-05-2012, 11:11 PM
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Default EUR/USD - Holding Above 1.31 After ECB Press Conference

The European Central Bank held the benchmark interest rate at 1.0% as expected. Mario Draghi's press conference following that offered no hint of stimulus action or rate cut going forward. The reaction to the “inaction” has so far held the EUR/USD above 1.31, as it popped up above 1.6165 and

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