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EC president tamping down specuation

By   || February 9, 2010 at 14:00 GMT
|| 5 comments || Add comment

EU Commission president Barroso is on the wires saying this is not the first time Trichet has come to an EU summit. Barroso says he will discuss the economic situation with Trichet.

EUR/USD has eased back below 1.3750 mid reports of further central bank sales into strength. The BIS was spotted at 1.3770, traders report. We’d expect bids to be solid toward the 1.3715 level on dips.

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5 Responses to “EC president tamping down specuation”

  1. mechtech63 on February 9th, 2010 14:10 GMT

    The guy leaves a day early and the market gets all weird. I heard he also bought a candy bar and newspaper to read on the trip, wonder how many pips that’s good for. Seems more things move on rumor and speculation then on fact.

  2. Gabriel on February 9th, 2010 14:15 GMT

    @ mechtech63

    Ahaha speculation on candy bars is funny :D

  3. gerry davies on February 9th, 2010 14:27 GMT

    rumour has it the candy bar was a snickers……

  4. Gabriel on February 9th, 2010 14:34 GMT

    AHAHAHAHA! We all love snickers don’t we? I see you’re really in a funny mood Gerry :D

    Where can I find these rumors, it might actually explain some market moves lol…I wonder what could happen if another news come out of a change in the trip and then it comes out it was because ot the wheather.

  5. Gabriel on February 9th, 2010 14:38 GMT

    If I find out Trichet really bought a snickers I’ll buy and hold some snicker’s shares until Trichet gets on diet.

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