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Euro Will Rebound On ECB Action: FX Strategist

Thursday, 2 Aug 2012 | 4:20 AM ET

"When you compare what happened after the LTROs, when banks bought bonds and portfolio managers adjusted their portfolios accordingly and that did lead to a temporary euro rebound to some extent we are heading to something like that again," Hans Redeker, global head of foreign exchange strategy at Morgan Stanley, told CNBC.