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Market Wrap: Fear of Recession Sent Dollar and Yen Higher

Discussion in 'Forex Daily News & Outlook' started by ActionForex.com, Feb 5, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    Fear of recession in the US economy intensified after a shockingly poor ISM Non-manufacturing report released today. US stock markets plunged right after the release. Dollar and yen were in turn lifted by risk aversion and strengthened generally across the board. The business activity component of the ISM non-manufacturing index,...

    complete article here...

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