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Fitch: EMU collpase risk very low

By Jamie Coleman  || February 9, 2010 at 15:16 GMT
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Rating agency Fitch says the collapse of economic and monetary union in Europe is an extremely low risk. An EU bailout of weaker members is a possibility but it does not rely on it for its ratings assessment.

EUR/USD is firming once again, now at 1.3755. Central bank sales were rumored earlier at 1.3770, traders report.

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