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Friday, December 29, 2006

The Euro Was Unable To Stay Above 1.3200

The Euro was unable to stay above 1.3200 during overnight trading, but is supported by fundamental data released this morning. Yesterday’s Dollar positive jobless claims number and housing report helped underpin the start of a bull run for the Euro. Turning to Fed watch, the board stated the minutes from the December 12th FOMC meeting will be released on Wednesday, January 3rd, due to a national day of mourning for President Ford. Read More....