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Thursday, February 22, 2007

EUR/USD: Business Sentiment Remains High across Europe

Italy and France reported firm business sentiment surveys earlier today and now Belgium has done the same, reporting a rise to 3.5 in February from 2.1 in January. This sets the stage for a firm Ifo from Germany tomorrow. EUR/USD is dipping again after holding below resistance in the 1.3110/15 area on the recent rebound. Support lies down at 1.3075/80.

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