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Tuesday, January 30, 2007
FOREX: ECB Reserves Decline EUR700 mln in Jan 26 Week
ECB reserves have declined EUR700 mln in the week ending January 26th with reserves now at EUR145.3 bln. Reserves have now declined EUR3.4 bln in the last three weeks. Gold reserves declined EUR36 mln due to sales from one central bank. Gold reserves have declined 114 out of the last 120 weeks. EUR/USD currently trades at 1.2960.
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