Euro is trading at 1 . 1200 , tracing back the downtrend as markets remained skeptical after no official confirmation about the deutsche bank penalty reduction was announced .
Euro rebounded on the news that the settlement would be $ 5 billion but is now back in the jittery mode that was seen last week . Expect the trend to continue and once the German markets open after yesterday’s holiday, we would need to watch how DB shares trade.
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