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Thursday, August 24, 2006

Euro/USD

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Eases down to $1.2815 area in the wake of the early U.S. data, the euro able to squeeze out marginal fresh highs for the day atop $1.2840 before falling back. Area of overnight lows at 1.2750 said to hold bids but one trader suggesting a few buyers may emerge ahead of $1.2800 now given the inspired rebound. Offers $1.2850/60.

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