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Dollar Firms as Risk Aversion Rises

posted by Avatar fx360 1380 days ago in EUR, Technical, Employment made popular 1380 days ago

Risk liquidation continued in the currency market, spurred on by a -4.7% plunge in the Shanghai stock market after PBOC reported that bank lending contracted by a whopping 77% in July versus the month prior. The news raised fresh worries that Chinese growth may begin to slow in H2 of 2009. The Chinese economy has been the lynchpin of the recovery t
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