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Sarkozy calls for “multi-monetary world”; wants to discuss exchange rates in next months

By Jamie Coleman  || July 9, 2009 at 18:22 GMT
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French President Sarkozy has called for a debate on exchange rates, saying a “multi-monetary” world is needed.

I can’t imagine this view will be well received by his European counterparts, especially if it leads to a weaker dollar.

EUR/USD has ticked back up to the 1.4055 level from the low 1.4040s.

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