U.S. Forex Market Commentary

EURO The euro moved higher vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.2760 level and was supported around the $1.2525 level.  The common currency snapped back after being given earlier in the week on escalating concerns about Eastern European and Western European banks’ exposure to asset problems in that region.  Austria’s central bank said the most important Austrian banks are well-capitalized with sufficient liquidity and can contend with

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