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Despite a weak close on Friday, the Euro emerged as the top performing currency last week buoyed by rumors of a potential change to the European Central Bank’s QE policy at its upcoming June meeting. Concurrently, political tension around the Euro dropped as the new populist Italian government appeared to soothe concerns about its budgetary plans. EUR/JPY and EUR/USD were the top performing pairs, up by +0.94% and +0.93%, respectively, while EUR/NZD was laggard, up by a meager +0.20%
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