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CURRENCIES: National Bank/Forex, 3rd of 3; Euro

· 02/05/2021 09:40

02:37 PM EST, 02/05/2021 (MT Newswires) -- National Bank in highlights to its Forex note for February 2021 noted the euro began February with some weakness after touching a 32-month high just a month earlier. In December it had been buoyed by a trade deal with the U.K. and a weakened U.S. dollar. Now, National said, it must contend with a new macroeconomic turn and "skittish" central bankers. All in all, National sees the euro trading in a range of US$1.23-1.25 in the second half of the year. This forecast assumes no further ECB rate cuts.

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