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Central banks still playing the range game

By Jamie Coleman  || June 22, 2009 at 13:57 GMT
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Dealers have seen the BIS on the bid on dips to the 1.3825/30 area this morning. Rebounds are not very robust and likely won’t be unless stocks and commodities show some life. So far, the S&P trades down 1.7%, oil is down nearly $2. and US yields are at 3.70 in 10s.

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