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Rate softens slightly, edging off.......>

EURO-DOLLAR
EURO-DOLLAR: Rate softens slightly, edging off multi-month highs and back below
the 100-dma as wires flash that the EU have triggered a disciplinary process
against Italy over their public debt levels, warnings that Italy is backtracking
from structural overhauls and pension reform. EUR/USD slips to $1.1275 before
stabilising slightly.

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