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Market Extra: Investors should treat the euro rally with caution, analysts say

Hopes the European Central Bank will provide guidance next week on how it plans to wind down its quantitative easing program is lifting the euro, but the shared currency still faces significant roadblocks that could stand in the way of further gains, analysts cautioned.

A Tuesday report that the central bank would use its June 14 policy meeting to discuss the schedule for bringing its bond-buying program to an end helped lift the shared currency EURUSD, +0.4162% Gains were extended Wednesday after ECB chief economist Peter Praet confirmed that the discussion was on the agenda and as German Bundesbank President Jens Weidmann reiterated that it was plausible bond purchases could be wound down this year.

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