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Eurozone economic recovery is not strong – EU’s Moscovici

FXStreet (Mumbai) - The EU's economic affairs commissioner Pierre Moscovici was on the wires today noting that, “Eurozone economic recovery is not strong.”

Separately, he stated that Spain cannot expect budget easing, while the French Fin Min Sapin announced plans for deficit cuts in 2016 and 2017 earlier today.

European stocks slide, FTSE hits 4-1/2 month low

The stock markets in Europe opened lower on Monday and extended losses following a risk averse action in the Asian equities.
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USD/CAD unstoppable around 1.4400

The weakness around the Canadian dollar remains on the rise today, with USD/CAD briefly testing fresh cycle highs in the 1.4400 neighborhood...
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