iBankCoin
Joined Nov 11, 2007
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The Euro Falls as Markets See Risk On Trade Put On

“The euro weakened as European Central Bank policy makers prepared to meet tomorrow. The region’s stocks and U.S. equity-index futures erased gains, German bunds rose and natural gas climbed for a third day.

The 17-nation currency depreciated 0.5 percent to $1.3520 at 7:25 a.m. in New York, while the dollar gained against all of its 16 major counterparts. Germany’s 10-year yield fell one basis points to 1.64 percent. Russia’s 2027 ruble bonds snapped a seven-day slide on plans to open the market to foreign investors. The Stoxx Europe 600 Index slipped 0.2 percent and Standard & Poor’s 500 Index futures decreased less than 0.1 percent. Natural gas increased 1.6 percent….”

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