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Could it get worse? Yes, a lot worse, before it gets better. The Euro has hit a 4-year low before bouncing back in what the Telegraph is calling a bear squeeze.
The dollar gained against the euro in Asian trading Thursday, after the International Monetary Fund said late Wednesday that it plans to sell 191.3 tons of gold, likely on the open market.

The IMF's announcement pushed spot prices and gold-miner shares lower. The planned sales would be valued at about $6.19 billion at current prices, according to CNBC. See full story on IMF gold sales.
Date of flexion at the Milan to Finmeccanca, dragged by the poor performance of its subsidiary STM.
The European market will remain to survive at the generosity of the U.S. on one side and the other telecoms.
European dividends were in any case in negative territory, the stocks exchanges seem permanent continent awaiting an incident that ruin the stalemate.
The dollar gained Thursday, rising to the highest since July against the euro, as investors around the globe signaled approval of the Federal Reserve's more upbeat outlook for the U.S. economy.

Analysts also noted rising concerns about Portugal's budget and continued risks surrounding Greece, which weighed on the euro.