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Thursday, July 20, 2006

EUR/USD TALK

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EUR/USD holding $1.2630 area and may be feeling the influence of
the noted $1.2625 expiry, some feel. But the market has gone "very, very
quiet," reminding too that the market now awaits 'Bernanke part deux' to see if there will be any retraction/correction/affirmation of yesterday's reading and market
reaction. Affirmation that the market read his testimony correctly will
likely lead to a euro spike higher,

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