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Euro gain not sustainable in medium-term: Will Oswald

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Will Oswald, global head of fixed income, currencies and commodities research, Standard Chartered Bank, says the short euro positions that had developed in the build-up to the Greece elections are now getting stomped out, and this is contributing to the euro gaining against the dollar. However, this will not be sustainable over the medium term as this is more about short positions and not about fundamental pricing.

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From Reuters

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