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0 The euro has been on a downward trend against the dollar since the European Central Bank’s May 4 meeting and is vulnerable to further falls, SEB’s strategists write in a note. SEB’s short-term fair-value model suggests current levels are fair, The euro has been on a downward trend against the dollar since the European Central Bank’s May 4 meeting and is vulnerable to further falls, SEB’s strategists write in a note. SEB’s short-term fair-value model suggests current levels are fair,to add another downside factor,” they say. EUR/USD last traded up 0.1% at 1.0740, having hit a two-month low of 1.0709 on Thursday, according to FactSet.
