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BoS: EUR to overtake USD next year, but currency will be “frothy” in the short term

While the euro is expected to become more valuable than the US dollar within the next year, Bank of Singapore believes that the value of the common currency will become “frothy” in the short term. ECB President Mario Draghi has not raised further concerns about the strength of the euro, and this has buoyed the currency (EURUSD briefly traded above…

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