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Tuesday, January 23, 2007
FOREX: ECB Reserves Decline EUR1.3 bln in Jan 19 Week
ECB reserves have declined sharply for the second week in a row, falling EUR1.3 bln to EUR146.1 bln. The total decline over the last two weeks is EUR2.7 bln. Gold reserves declined by EUR37 mln due to selling from one Eurosystem central bank. Gold reserves have declined for 113 out of the last 119 weeks. EUR/USD currently trades at 1.3026.
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