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The Phoenix Dwarf has an inner part of young stars which is stretched in an east-west direction and an outer part of mainly old stars that is stretched north-south. The central region's rate of star formation seems to have been relatively constant across time (Martínez-Delgado et al. 1999). In 1999, St-Germain et al. discovered a H I region of about 10 M☉ just to the west of Phoenix. Its radial velocity is -23 km/s and may be physically associated with Phoenix if it is found to have a similar radial velocity.
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