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The EUR USD rallied on Wednesday after a coordinated interest rate cut by the U.S., Switzerland, Sweden, Canada, the U.K. and the Euro Zone. This move dropped U.S. rates down to 1.5% and took off some of the pressure to buy Dollars as a safe haven investment. Furthermore, the Fed's announcement to sell more than $40 billion in debt to pay for the banking rescue package put further pressure on the Dollar.
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