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Thursday, 16 February 2012

MARKET TALK: EUR/USD Falls Below 1.30, More Losses Possible -Dealer

The EUR/USD trends lower, dipping below the 1.3000 mark. The pair may fall to the low 1.29s later in the day amid continuing concerns over the fate of a Greek debt deal, says a senior dealer at a major Japanese trust bank. Still, further falls are unlikely for now as a deal may trigger some temporary EUR buying, he says. Eurogroup President Jean Claude Juncker said euro-zone finance ministers are set to make the necessary decisions linked to Greece's second bailout and private-debt restructuring at their meeting in Brussels on Monday. The EUR/USD is at 1.3016, after dipping to 1.2993, from an earlier high of 1.3067, he says.(

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