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Friday, October 06, 2006
EUR/USD: Wellink Echoes Trichet: Tightening Not Done Yet
Dutch central banker Wellink amplifies Trichet"s earlier remarks saying the ECB is always vigilant on inflation and that the tightening cycle is not done yet. EUR/USD is showing limited reaction, trading off rebound highs at 1.2697 at the familiar 1.2685 level. Central bank bids remain down at 1.2670.
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