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Tuesday, December 19, 2006

FOREX: ECB Reserves Rise EUR200 mln in Dec 15 Week

ECB reserves have risen EUR200 mln in the week of Dec 15th with reserves at EUR152.8 bln, little changed from EUR152.9 bln at the end of September and the last revaluation of reserves. Gold reserves declined EUR410 mln due to sales from two Eurosystem central banks. Gold reserves have declined for 108 out of the last 114 weeks. EUR/USD is currently at 1.3159.

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