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Thursday, November 02, 2006
USD/CHF: Dealers Eye EUR/USD For Short-Term Momentum
USD/CHF is holding near the 1.2445 intraday low into early North American trading as dealers look to EUR/USD for the next short-term bias. With the ECB verdict on the horizon EUR/USD remains close to the highs and any break higher here will see USD/CHF gunning for the sub-1.2425 stops.
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