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EUR/USD Nears $1.2500, but Declined Sharply Thereafter
The EUR/USD pair almost touched $1.2500 during yesterday's trading session, but declined sharply thereafter, following a rating downgrade. Fitch Ratings' downgraded French banking giant BNP Paribas from AA to AA-. The move increased analysts' concerns about the economy after the day passed with almost no major news events.
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