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USD: More Cause For Concern

posted by Avatar fx360 1060 days ago in USD, EUR, JPY made popular 1060 days ago

Currencies and equities fell steeply today on renewed concerns about the global recovery. Predictably, the U.S. dollar, Japanese Yen and Swiss Franc were big winners in today’s move as investors fled into the safety of low yielding currencies. Although a number of reasons contributed to sell-off, the main concerns still rest in Europe which
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