European Market Update: US To Tighten The Vice With Heavier Sanctions On Russia

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The EUR/USD tested 1.3870 area for 2-week highs. Some dealers suggested that Russia might be behind the buying of Euro following threats from govt advisor Glazyev andf his proposal to reduce USD assets. Eonia is above the ECB penalty rate. ECB's Noyer came out with more verbal intervention about the



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