European Central Bank President Jean-Claude Trichet yesterday called for greater efforts to reduce budget deficits. The comments sent the euro lower, reversing three days of gains.
Ã¢â‚¬Å“The outlook for growth around the world is certainly not as optimistic as it was a few months ago,Ã¢â‚¬Â said Toby Hassall, a commodity analyst at CWA Global Markets Pty in Sydney. Ã¢â‚¬Å“There will be the longer-term participants in the market who are viewing this decline in price as a good time to get long.Ã¢â‚¬Â
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