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Unsubstantiated reports that Paolo......>

EURO-DOLLAR
EURO-DOLLAR: Unsubstantiated reports that Paolo Savona will be Minister for
European Affairs sees 2-way choppy price action for the EUR. EURUSD briefly
touched $1.1641 followed by an immediate bounce to the $1.1660/65 area. Markets
remain headline driven with eyes also on Spain which is expected to hold its
Rajoy no confidence vote on Friday. 

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