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Old 09-04-2008, 01:49 PM   #1
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Default Mid-Day Report: EUR/USD Steady after ECB

ECB left rates unchanged at 4.25% as widely expected. In press conference, Trichet once again tried to sound hawkish, noting that upside risks to price stability had been confirmed by recent data and stressing the need to avoid broad-based second-round effects. Regarding growth, Trichet said that down risks to growth...

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