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EUR/USD under pressure

The pair could not sustain the earlier advance beyond the 1.1300 mark at the beginning of the week in response to the fiasco at the meeting in Doha, giving away initial gains and returning to the comfort zone around 1.1280.

Risk appetite trends will remain the exclusive driver today in the global markets while traders continue to digest the ‘no deal’ between OPEC and non-OPEC countries yesterday and amidst a vacuum of data in the euro area.

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