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Friday, 8 June 2012

2012.06.08 10:48:16 *Spain Govt Reiterates No Decision Until After Bank Audits

0850 GMT [Dow Jones] The USD/MYR is up at 3.1880 vs late Thursday's 3.1590 in Asia, following the greenback's gain against most regional currencies amid sustained concerns over Europe's debt crisis and a lack of dovish comments from Fed Chairman Bernanke. A local trader says, more than anything else, investors are more concerned about the euro-zone debt crisis and tips the pair to be biased higher between 3.1890-3.2000 near term. (shie-lynn.lim@dowjones.com) Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com (END) Dow Jones Newswires June 08, 2012 04:50 ET (08:50 GMT)

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