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July 5, 2012

EUR/USD Plummets Below 1.24; Eyes June Low at 1.2285

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The EUR/USD fell below 1.25 ahead of the ECB interest rate meeting, and accelerated after the expected rate cut and Mario Draghi's press conference. It plummeted below 1.24 after the opening bell in the 7/5 US session.The decision to cut the benchmark rate to 0.75% from 1.0% brings it to a historic... FF News: Technical

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