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05-17-2007, 06:40 PM

dekac

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Hi

The Euro (EUR) eased on Wednesday, on the back of positive US data. Despite inflationary data in the form of Eurozone CPI being released better than expected at 1.9% for the month April (Forecast: 1.8%). Overall the EUR traded with a range of a low 1.3504 and a high of 1.3610 before closing the day at 1.3519 in the New York session. Looking ahead the ECB monthly report will be made public on Thursday.

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