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Friday, March 02, 2007
USD/CHF: Back Pivoting 1.22 As European Player Buys
A European household name is said to have been the best of the buyers in USD/CHF amid the drop back towards 1.22. Spot has in fact edged just below 1.2200, to hit 1.2192, but fresh buyers helped stall further Dollar weakness and the price is now back to pivoting the 1.22 mark.
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