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Rally in Risk Hits a Wall as Euro and Pound Fall

posted by Avatar fx360 1032 days ago in USD, EUR, GBP

Risk FX came under pressure in late Asian and early European trade today after the Shanghai equity market plunged more than -5% in the wake of fears that two of China’s largest banks may have curtailed corporate lending for the rest of 2009. AUD/USD slipped below 8200 while EUR/USD approached 1.4100 and GBP/USD fell below 1.6350 as the recovery
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