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Japanese official: Dollar role not discussed at summit

By   || July 8, 2009 at 14:49 GMT
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The odds of robust debate on currencies diminished with the departure of China’s Hu Jintao but now a Japanese official says there was no discussion of the dollar’s reserve role at the G8 summit.

Markets have softened in the wake of the oil inventory data but we remain range-bound. GBP/USD failed to overcome 1.6140 and slumped quickly back toward 1.61.

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