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Friday, May 25, 2007
EUR/USD: Disappointing Home Sales Keep EUR Bid
EUR/USD trades close to session highs at 1.3458 but there has been little follow-through buying. With the USD already on the defensive, dealers have thus far not been able to extend the range. US bond yields are firmer despite the home sales data and offers are seen in the 1.3460/70 window.
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