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Dollar and Yen Continue to Rise on High Risk Aversion

posted by Avatar miskec 1130 days ago in USD, EUR, JPY

Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and the JPY have been the primary beneficiaries of this trading strategy. Comments by Treasury Secretary Geithner also have been swaying the Dollar. Further testimony by Geithner today could push the Dollar higher
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