The EUR will not get any more favors now, according to Forex Focus by Nicholas Hastings. As events later this week are likely to show, while hopes of a U.S. economic recovery are improving, the prospects for the euro zone will only get worse even if the European Union caves in and comes to Greece's rescue. Add to this a continued level of global risk aversion and a further decline in the foreign assets held by U.S. mutual funds and a EUR down at $1.3000 looks very likely.
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