The Euro dipped weaker with the US currency looking for some relief after five days of net losses on a
trade-weighted basis. The Euro was hampered to some extent by fears that the ECB would move to take
a more aggressive tone against tighter money-market conditions and could also start to verbally
intervene against Euro strength, especially if the Euro moves to the 1.40 area against the dollar. In this
environment, the Euro dipped lower and briefly tested support below 1.3550.
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