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06/03/2012 22:22 AST
This week's focus is on the Greek bond restructuring vote, with expected range trading. "Some would be better off in voting 'No' and triggering payouts under CDS insurance. The authorities would hate this and the precedent that would be set", writes Gavin Grier-Rees, analyst at FX Market Report.
"Our trend analysis points to us being in a 'failing bull trend' though the short term signals are neutral", he adds, pointing to 1.3160 as current support, followed by 1.3130-50 area. Resistance is at 1.3200-05, 1.3240-45 and 1.3300-10.
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FXstreet
Ticker | Price | Volume |
---|
US Dollar | 1.00 |
Euro | 0.88 |
British Pound | 0.77 |
Japanese Yen | 113.21 |
Saudi Riyal | 3.75 |
Kuwaiti Dinar | 0.30 |
Derham Emirati | 3.67 |
Bahraini Dinar | 0.38 |
Omani Riyal | 0.39 |
Qatari Riyal | 3.67 |
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