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Friday, September 01, 2006

EUR/USD - Looks to move up

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We feel EUR/USD shall come up.
However we look for 14:00 GMT data.
And shall see how the market reacts.

Its just a little market reaction

-11,000 Manufacturing sector white collar jobs is itself an indicator that a move towards tightening is not imminent. Hence market will eventually bring EUR/USD back to 1.2830

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