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November 16, 2011

BNP chairman: France taking necessary steps to protect AAA rating

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Says Euro stales have shown determination on budgets Translation: The brown envelopes have been passed out and our dodgy bond holdings still risk going all MG Global on us… EUR/USD is backing off from US highs of 1.3553 after failing to overcome the European high of 1.3557. We're now at 1.3525... FF News: Breaking

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