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Euro and British Pound Drop As Lehman CDS Deadline Increases Dollar Demand

Discussion in 'Fundamental Analysis' started by ActionForex.com, Oct 21, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The Euro and the Pound fell to their lowest levels in over a week as the appetite for dollars was fueled by today's deadline for settlement of Lehman Brothers CDS's. Rumors are that banks and other sellers are hoarding cash to payout a estimated 91% loss on the investments. Meanwhile,...

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