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Tuesday, January 30, 2007
EUR/USD: Dips to 1.2850 ahead of Data
With US consumer confidence data in-line with expectations, prices have drifted back up into the low 1.2960s after a dip toward 1.2950 just ahead of the numbers. Options-related sales were rumored for the 15:00 GMT cut. Continued European jawboning on EUR/JPY should slow any rebound rallies in EUR/USD near-term. sellers are still seen toward 1.2980.
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