Forex and Commodity Market Commentary and Analysis (6 November 2006)
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The euro was little-changed vis-? -vis the U.S. dollar today as the single currency tested bids around the US$ 1.2690 level and was capped around the $1.2720 level. Technically, today??™s intraday high was right around the 50% retracement of the move from $1.2980 to $1.2460. Traders remain torn between strong inflation and employment measures in the [...]