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Euro to Dollar Exchange Rate Outlook: Sell at 1 0576, say HSBC Strategists

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FOREX-Dollar hits 7-month high against yen; ECB comments boost euro

Many investors and analysts believe intervention is a possibility after the government stepped up its comments on the situation in recent weeks. "If big data comes out of the U.S. in the next couple of weeks (and) dollar-yen spikes above 145, then I would think that the Bank of Japan would step in, or threaten to step in," Francesco Pesole, currency strategist at ING, said.

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