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USD slips, ISM manufacturing strongest since 2004

posted by Avatar topequitynews 845 days ago in Technical, Daily made popular 845 days ago

USD traded mixed Monday after experiencing volatile price action in Asian trade as carry trades were unwound in reaction to a report that UK FSA’s Turner said that carry trades were valueless. Turner’s comments generated speculation of a possible crackdown on carry trades as part of new regulation of proprietary trading. USD consolidated near...
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