Commenting on the Euro near-term, Mizuho Securities, chief FX strategist, Masafumi Yamamoto wrote “The euro’s latest bounce was not based a positive incentive specific to the currency and the market will likely return to pricing in the potential negatives. The euro will remain on a shaky footing,” adding “There is still some way to go before potential negatives are factored into the euro ahead of the March 7 ECB meeting.”
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