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More Downside for the Euro?

Wednesday, 11 Jun 2008 | 12:23 AM ET

If the euro-dollar breaks the $1.54 level, there could be further downside for this cross, says Jonathan Cavenagh, currency strategist at Westpac Bank. He tells CNBC's Stephen Sedgwick & Maura Fogarty what the Fed and ECB might do next.