Dollar Facing Two High Hurdles: Risk Trends and Euro Yield

For event risk this week, the European Central Bank’s (ECB) rate decision was undeniably the most heavily anticipated event on the docket. It is therefore fitting that the EURUSD has returned to the critical 1.3400 level (the mid-point of the 2010 to 2011 range) after having just recently slipping below the milestone.

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