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EUR: Struggling to get by

On Friday, the EUR/USD rebound struggled to make much progress, leaving it vulnerable to 1.1700 this week. Quarter-end re-balancing flows would most likely become more prominent in the coming days, and we might see some net EUR selling as a result of the eurozone equity and debt markets outperforming those of the US in the first quarter, and as a result, the eurozone equity and debt markets will need to be rebalanced lower.