U.S. Forex Market Commentary

EURO The euro moved higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.4365 level and was supported around the $1.4255 level.   The European Central Bank convenes on Thursday and is not expected to change monetary policy at that meeting.  The ECB today released a report that notes there is systemic risk in the credit default swaps market because the ten most active counterparties account for up to 72% of default swap exposure surveyed by

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