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ING warns the euro could fall further due to French debt concerns
ING warns the euro could fall further due to French debt concerns, stating that despite Moody's maintaining France's Aa3 credit rating, the euro remains vulnerable. Given the limited expected progress on France's budget and high energy prices, pressure on the euro could persist. ING sees limited upside for the euro and warns that EUR/USD could break below the key support level of 1.1180. EUR/USD is currently trading at 1.1206.
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