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ECB’s Gonzalez-Paramo: Euro fall not totally unjustified

By   || February 23, 2010 at 16:03 GMT
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The euro has fallen in the direction of its long-term historical average and that development is not totally unjustified, managing board member Gonzalez-Paramo says.

That comment helped stall the euro rebound. Traders are blaming Russian buying for the squeeze up after a dip as low as 1.3530. EUR/USD trades now at 1.3560.

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