The Euro (EUR) struggled under risk aversion but was calm against the Dollar finding support under 1.3900. EUR/JPY was much more volatile crashing to Y106.50 in late trade. Overall the EUR/USD traded with a low of 1.3865 and a high of 1.4003 before closing the day around 1.3905 in the New York session. Looking ahead, Swiss Libor Rate forecast to remain at 0.25%.
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