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Monday, January 08, 2007
EUR/USD: Drifting Lower; Asian Bids Eyed on Dips
EUR/USD is drifting lower as US yields edge up in early trade. Dips are seen limited near-term owing to continued buying interest from an Asian central bank, presumably diversifying reserves. 1.3020/30 offers should keep prices range-bound near-term. EUR/USD trades at 1.2993.
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