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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

    Dec 24, 2007
    Likes Received:
    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...

    complete article here...

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