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Summer Risk Rally in Effect
Yesterday's successful vote on Greek austerity looks to have set the stage for a summer risk rally. The vote of 155 to 138 passage of the first part of the austerity plan was broadly positive for risk sentiment and risk correlated trades rallied across the board. EURUSD trading was volatile but despite some pre-vote excitement, the bullish sentiment has remained. EURUSD rallied to a June high of... ...More...
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