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Wednesday, May 31, 2006

EURO DOLLAR MOVES HIGHER AFTER FOMC MINUTES

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Edges higher, to $1.2845 area, in the wake of the FOMC
minutes with euro still unable to vault the morning U.S. hours highs
near $1.2860. Not a lot of flow seen in the wake of the data, one trader
says, with month-end considerations likely keeping many sidelined now,
either in profit-preservation or damage-control mode.

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