German cos turn euro skeptic says Commerzbankfor the first time since the announcement of the OMT, according to a study by the German bank. During November, Commerzbank saw the number of euro bearish companies rise to 38%, from 20% last month. "[It] comes at a time when the majority of exchange rate volatilities have fallen below its long-term average. And asks, are German companies amongst the first market participants who recognize that there is something fishy going on out there? EUR/USD trades at 1.2891.
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