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      ECB needs to do something - Societe Generale

      FXStreet (Guatemala) - Kit Juckes, Global Head of Currency Strategy at Societe Generale explained the other big topic of 'news', at least on blogland, has been the need for the ECB to 'do something.

      Key Quotes

      “Frankly, praying to St Jude (lost causes) would be about as useful."

      "The ECB's inability to create loan demand has many causes (bank regulation, for starters) and the effect of 'proper qe' from here would be limited by the extent of asset gains since others went down this path”.

      “However, the scars from last week's data will still be raw. I don't have any desire to buy the euro, and it's possible Bund yields fall even further."

      EUR/USD finds support at 1.3350

      The EUR/USD dropped further during the American session and bottomed at 1.3351, reaching the lowest price since last Thursday.
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      GBP/USD still trades around Carney’s comments

      GBP/USD is trading at 1.6731, up 0.24% on the day, having posted a daily high at 1.6739 and low at 1.6713.
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