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Euro, Pound Rise on Dollar Weakness

Friday, 21 November 2008 09:10:17 GMT

Written by DailyFX Research

A German account bought EUR and GBP for the 10:00GMT fix, which lifted EUR-USD to 1.2611 highs and Cable to 1.4986 highs. The amounts were reportedly in very large size, but both pairs were already in their ascendency amid broad based dollar weakness in the wake of the strong equity market rebound.

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