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>> SOCIETE GENERALE Latest News

AUG 23, 2013 - Investopedia

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Flash: EUR/USD impact from foreign intervention – Societe Generale

FXstreet.com (Barcelona) - Sebastien Galy, Currency strategist at Societe Generale notes that Central banks have vast EUR foreign reserves, to use these for USD interventions they would need to swap these assets back into EUR. Key Quotes:“Having a look at the cross currency market there is a gentle bid for the EUR which neither confirms or infirms the previous assumption”.    

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