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CIT in talks for short-term financing: Reuters

By   || July 17, 2009 at 16:41 GMT
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While bankruptcy over the next few days is possible, CIT is said to be in talks with Goldman and JP Morgan to secure between $2-3 bln in short-term financing.

This supports the risk-trade in the near-term. EUR/JPY trades now at 132.80, not far from 133.00 intraday highs.

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