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Boston, June 14. EUR/USD has settled
into a consolidation with dealers noting buying interest coming on dips to the
1.2605/15 area near-term. Talk of Mid-East buying along with rumors of another
Chinese currency adjustment helped set off a squeeze. Offers are seen in the
1.2645/50 region on rallies with more toward 1.2685/95. Stops are seen in the
1.2700/05 area. 1.2550/1.2700 looks like it may contain things for a significant
period ahead while the market gets its bearings. It trades now at 1.2620. Jamie.Coleman@Thomson.com /rs