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Market Pulse: IMF extra funds reports built on sand - Reuters FX analyst

Wednesday, January 18, 2012 - 03:40

Jan. 18 - The euro gets a lift on reports that the IMF could seek an extra $1tln in funds to tackle the euro zone debt crisis. Reuters FX analyst Neal Kimberley says the gains could soon falter.

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One trillion dollars that's how much Ghana is looking for an extra funds to tackle the Euro zone debt crisis according to media reports today. Zero dollar jumps to session highs above 128 following that musical momentum. I'm running around us ahead of time the 21 day moving average peripheral that -- -- now outperforming. Italian bonds get an extra lift off defense says it does not expand -- to default. Driving yields below the six and a half percent mark -- Germany still enjoys a big jump in bits of this morning's a fortunate to be -- -- safe haven to monster he's strong. As Greece prepares to restart make or break talks -- credits and -- let's talk about the IMF moved. I'm what this means to the thanks Marcus and provide no committee. All right where what does it want around 128 man or I'm all the people you told too impressed by the Simon. I'm frankly -- acts on them over the moon about the move up the knee jerk reaction to the headlines but we haven't seen that the town it. But we've been -- to -- that want to when he -- 4050 level and as we're coming on and now -- -- more and more office building. Between 120 -- 3512860. From people. Go and that's saying hang on a second wind -- being taken in by this well so that's heading up there who some bids coming there we'll put that -- is still can't stop at the moment but. A woman being taken great against today we talked to prowl. These guys needing a sign to believe there is a serious. Time. This is a sign -- -- so. But it's it's it's a cell line that. The people on the outside the waste and trying to draw this -- but let's think about this is that Jerry Maguire kind of show me the money. Where's he gonna come from Axel the breaks into the minds of -- -- well China seeing capital outflows of the last couple months. Russia's foreign exchange reserves have been edging down. India as we -- -- has been setting bucket loads at Dulles taunts by -- as the -- they. The World Bank this morning's comments tell the developing markets beyond you -- -- because he's the guy that could Gabi paycheck he wasn't 2000 night. So what would they scholars went a step up -- -- -- body alignment to pipe the Greeks to retire early inning and I. I'm looking all right that let's ruin these Greek tools as well. What are you hearing -- for Obama from the fact that bad that after the table is not a good thing is that a sign. Citizens basis on seriousness but the into the -- exposed to the special -- is in the hole in the guns and ahead of the products except. As we sickest thing you've got more senior Craig -- now we can showcase the cap which means to support ninety pitches take a bigger and bigger hit. That might be a special kind missiles are templates are the kinds of Greg's won nothing yet going back to the time. Remember -- launching on seven the IMF made an agent believed to get that money. Compared to that -- -- didn't Greeks and the periphery with kid gloves. How do you think that looks nice and long memories anymore reasons by the year to date him then yesterday. Personally no huge we see -- hit launch writing showed me that they style -- seeing practice -- help and the people electing a range finder is attending to got to show up here. Okay -- thanks a lot new Kimberly that's it Seth and I'll join us every day this time -- frost not short of the big market lose on the countdown of course in the well the economic performance on. -- notice join us next week will bring you out all the big name interviews live from Davos.

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Market Pulse: IMF extra funds reports built on sand - Reuters FX analyst

Wednesday, January 18, 2012 - 03:40