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The Euro has had a fantastic second quarter this year. It rose from 1.08 against the USD and reached above 1.19 four months later.
Fueled by the Europeans issuing common debt, the rally seen in the Euro pairs is suddenly threatened by an unusual currency – the Turkish Lira. While Turkey has nothing to do with the European Union, the flows out of the Turkish Lira are enough to create troubles for the common currency.…
The post TRY and Why It Matters for the Euro appeared first on Vantage Point Trading.
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