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US Dollar, Japanese Yen Down as CPI Shows the US is Teetering on Brink of Deflation

Discussion in 'Fundamental Analysis' started by ActionForex.com, Feb 21, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    The US dollar and Japanese yen ended Friday mostly lower despite clear signs of risk aversion as evidenced by gold's test of $1000/oz, sharp drops in global stock markets, and a rally in government bonds, including US Treasuries. However, with the majors generally still contained to ranges and near their...

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