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EUR/USD back above 1.2700, stocks flat

Jamie Coleman
20/06/2012 | 17:05 GMT

Crazy price action as markets remain manic.

The idea of Euro bills is probably doing more to boost EUR/USD and EUR/JPY than anything the Fed said.

Bloomberg reports that Merkel says bond buying by the bailout funds is a possibility.

I think they are just taking her earlier comments out of context.

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