Archived IMT (2010.06.02)
IRAN CENTRAL BANK says it has begun the first phase of sales of about 45 billion euros of its reserves for dollars, according to the Iranian state-run Jaam-e-Jam newspaper reported. 15 billion euros will be sold in the first stage of the transactions. But central banks from Brazil, China and Russia have already said they will not be selling out of their euro holdings. EURUSD vulnerable to retesting $1.2130.
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