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Euro Slide Seen Steepening On Debt Fears
Dec 18, 2010--NEW YORK --The recent, broad retreat in the euro is likely to continue over the next week on currency investors' perception that the European Union isn't doing enough to contain sovereign debt contagion.
The euro, which hit two-week lows on Friday is slipping toward its 200-day moving average of $1.3107,
The November low of $1.2968 is also a key threshold, which if breached, could drive a further selloff.
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