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Analysis: Nerves over ECB's pain threshold keeps euro in check

Reuters  |  LONDON 

By Patrick GrahamLONDON (Reuters) - Many stars would seem to be aligned for further euro appreciation against the dollar, but there is an absence of properly bullish forecasts.This owes more to European Central Bank sensitivities than market dynamics or economic drivers.Forward-looking pricing from the options market and investor positioning against the dollar are the strongest in years and show a head of steam building for a significant euro rally.Yet strategists plotting the currency's path over the coming year are far more cautious. Of the 65 economists and bank strategists polled by ...

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First Published: Fri, July 14 2017. 19:10 IST
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