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Tuesday, October 31, 2006

EUR/USD Back Below 1.2700

Today the EUR/USD dropped back below the 1.2700 level, after retail sales in Germany posted dismally low at -1.7% in the month of September, dragging the annual rate down to -1.2%. Fundamentally, this might be a temporary condition, with mixed messages coming from consumer and business outlooks for October. Read More....