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Large German Account Sells Euro And Yen
Thursday, 11 September 2008 08:18:19 GMT
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Large German account sold euros against the dollar and yen in the latest leg lower to send EUR-USD to fresh trend lows of 1.3911, while EUR-JPY broke through the 149.00 barriers to hit 148.81 lows. Liquidity is so bad that the large German house had to call out in the direct market, which is unusual in recent times given the influence of EBS and other computer-based liquidity providers.
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