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Potuguese government defeated on regional finance bill

By Jamie Coleman  || February 4, 2010 at 17:14 GMT
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Not being an expert on Portuguese regional finances, I’ll leave it to the FT to explain the intricacies, but Reuters reports the Portuguese government just lost a key vote that could add to the pressure on the euro.

EUR/USD is off its lows, now at 1.3763 after a downside washout to 1.3727 a short while ago.

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