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Risk Aversion Pulls Euro Below 1.4300, Pound 1.6400

posted by Avatar fx360 1005 days ago in USD, EUR, GBP made popular 1005 days ago

Risk aversion flows hit high beta FX once again with EUR/USD dropping through the 1.4300 handle while GBP/USD gave way at 1.6400 after Shanghai stocks slid 2.6% lower – their biggest loss since August 19th. The drop in Chinese equity markets was triggered by comments from Wen Jiabao who noted that the nation’s economy faces many uncertainties
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