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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Bill/WA who wrote (49366)	1/10/2006 4:45:33 PM
From: mishedlo	Read Replies (1) of 110194

Dollar higher after report downplaying China diversification Tuesday, January 10, 2006 2:31:48 PM afxpress.com NEW YORK (AFX) - The dollar was higher against the yen and euro early Tuesday. Mike Malpede, senior currency analyst at Man Global Research, said the dollar threw off weakness against the euro after a news report quoted the research chief of the People's Bank of Chinaa saying the central bank was unlikely to diversify its reserves away from the dollar. In recent days, there have been conflicting reports about the bank's diversification plans. The Wahington Post reported that Chinese officials are determined to diversify. The dollar was up 0.1% at 114.55 yen, as the euro fell 0.03% to $1.2051

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