London Session |
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The buck lost ground against most of the majors in London trading as hawkish rhetoric out of the ECB counteracted rather tepid Eurozone economic data reports. The highlights were ECB President Trichet harping again about inflation and noting that it remains much higher than the target. Luxembourg's Finance Minister Juncker backtracked somewhat on previous dovish remarks made earlier this week and said that it is not true that Europe is on the brink of recession. The news on the
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