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nico3725 · 08-01-2003, 14:31

EUR/USD went up to 1.0535 (New 3-year high) on PIMCO (Big US Funds) report that lower USD would help fight deflation being cited.
Agressive short squeeze with stop losses being broken which first hurt USD/JPY, then more broad effect.

08-01-2003, 14:31	#3 (permalink)
nico3725 level 3 Join Date: Apr 2002 Location: Switzerland Posts: 365 Rep Power: 0	EUR/USD went up to 1.0535 on PIMCO's report EUR/USD went up to 1.0535 (New 3-year high) on PIMCO (Big US Funds) report that lower USD would help fight deflation being cited. Agressive short squeeze with stop losses being broken which first hurt USD/JPY, then more broad effect.