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Wednesday, March 08, 2006

EURO: Strong Buying Pressure By The Central Bank

EURO: Strong buying pressure by the Central Bank helped push the Eurocurrency up to 1.1940 during Asian-session trading, but the topside was stymied by US investment names and Macro players selling into EUR strength. US Dollar bulls are biding their time for a run down to 1.1830, pending today's commentary by Fed policy-makers Bernake and Poole. Read More...