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German Perspective—02.06.09

03/06/2009

What happened this week: Although we did not have any holidays this week, the general market was influenced by the vacation in China, which started on Thursday, and the accelerating decline of the US$. The greenback fell to levels well above 1.40 against the euro and this is around 7% lower than in the last seven days and almost 14% compared with February levels.

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