London Session: The tide turns for EUR

The markets’ faith that an economic recovery is taking hold, the Eurozone crisis is behind us and central banks will continue to be a benign liquidity force has been shaken this week. Volatility has risen, stock markets have fallen and the dollar is poised to get its groove back. However, as we end the week expectations that the Fed will abruptly end QE3 are being scaled back and the focus is shifting back to Europe’s growing list of woes. The near-term issue that could weigh on the euro is

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