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Market Moving News: EUR/USD - Jul 22

22 Jul, 2008 @ 12:39 am EST
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Eur/usd - 1.5926...Mixed comments fm ECB's Smaghi (who says that eurozone interest rates at 4.25% are 'not exactly restrictive' but that inflation is already starting to ease) have put some pressure on the euro n caused it to retreat fm 1.5938. Offers are lined up at 1.5940/50 with stops abv there (selling interest may emerge further out ahead of the 1.6000 lvl) while on the downside, bids are reported at 1.5900 with stops building up at 1.5880...

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