EUR/USD is heading for 1.34, says Morgan Stanley, with pullbacks likely limited to the 1.3010 area. The bank says EUR will maintain its upward trend as European assets benefit from the ECB's policy, and the broader positive risk environment generated by the Fed's MBS purchase plan. The bank also notes the FT report that Chinese investors are expressing renewed interest in European assets. EUR/USD now at 1.3095.
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