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U.S. Consumers Make Aggressive Cutbacks in Spending

posted by Avatar fx360 1016 days ago in USD, Technical made popular 1016 days ago

The much weaker than expected retail sales report triggered a wave of risk aversion in the currency market. The U.S. dollar sold off aggressively against the Japanese Yen while the higher yielding currencies like the Euro and Australian dollar gave back their earlier gains. The price action across the currency market indicates that risk appetite
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