EUR/USD has come under fresh pressure from the S&P downgrade of Romania and from talk that Goldman Sachs is forecasting a cut in the ECB refi rate to 1% by next spring. They stand now at 3.75%. EUR/USD trades at 1.2425 after stalling ahead of 1.2470 once again.
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Goldman sees ECB cutting to 1% by spring 2009
Goldman sees ECB cutting to 1% by spring 2009
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