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Thursday, February 22, 2007

EUR/USD: Claims Create Little Stir

EUR/USD is little changed in the wake of jobless claims data which deviated only slightly from the consensus. One factor worth noting is that this week is a survey week for the employment report, and claims are running about 20k higher than they were a few weeks ago which has the potential to translate into a weaker employment report down the road. Offers are seen to 1.3115 in EUR/USD while small stops are eyed at 1.3115/20. EUR/USD trades at 1.3107.

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