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EUR review

Western Union notes: The Euro was down almost 2% against the US dollar at one stage on Friday after much stronger-than-expected US economic data. However, the EUR gained more than 3% against Sterling last week after a ju…

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Western Union notes: 

The Euro was down almost 2% against the US dollar at one stage on Friday after much stronger-than-expected US economic data. 

However, the EUR gained more than 3% against Sterling last week after a jump in Euro Zone inflation data underlined bets on a quicker economic recovery in Europe. 

Tuesday's revised Euro Zone Q1 GDP data at 10:00 may bolster these bets.

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