Finally, the French express concern on EUR strength

Kinda surprising it took so long but an unnamed French official said that France is concerned about the current level of the euro. France hopes the G20 will set out a timetable to discuss FX rates in the future. Reuters has the headlines.

EUR/USD dipped briefly below 1.4750. Bids are seen on dips to the 1.4720/25 level if the dip becomes protracted.

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