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Posted 11/22/2009 9:33:00 PM [EUR/USD] fell to a session low around the 1.4835 level before a
strong rise in gold above the $1160 level and Fed Bullard's warning that
talk of Fed's independence being eroded could be counterproductive to the
US economic recovery and that he would like to see the extension of the
Fed's MBS buying program weighed on the Greenback sending the pair to a
session high around the 1.4925/30 level filling offers at the 1.4890 level
just ahead of resistance at the 1.4935 level with a break there likely to
see the 1.5000 handle being tested again. Fresh bids at 1.4865 and offers
at 1.970 will keep the range for now Copyright © 2010, Informa Global Markets
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