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Monday, November 06, 2006

USD/CHF: Back At Highs As Moskow Talks Rates Up

Comments from the Fed's Moskow that higher US rates could still be on the cards have given the Dollar a light boost into the North American morning. Add to the mixture Greenspan on the wires and USD/CHF continues to scratch away at the supply into 1.2575 and above. Spot has set a fresh intraday and 7-Day high at 1.2579 but still no break into the 1.2580's.

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