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M&A-related demand said to account for some of EUR/USD strength

Jamie Coleman
21/10/2010 | 13:44 GMT

A little bird just told me that part of the bid under the EUR the last two sessions is related to the repatriation of EUR 5 bln linked to sale of Repsol’s (Spanish oil company) stake in a Brazilian oil field to China’s Sinopec.

Doesn’t much help now, but sometimes its nice to know the number of the bus that just ran you over…

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