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Upbeat U.S. economic data and the European Central Bank’s recently announced monetary easing measures has put downward pressure on the euro, as the single currency nears a four-month low versus the greenback on Wednesday. With little new data to chew on, the forex investor continues to wander in a No Man’s Land of tight contained range trading. Capital markets have been expecting a much more aggressive break out, especially with the EUR, but it has yet to materialize.

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