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Week of gloom cues up another wave of risk aversion

Discussion in 'Trade Journals' started by Evening Star, Feb 22, 2009.

  1. Evening Star

    Evening Star Contributing Member

    Jan 20, 2008
    Likes Received:
    It was a mixed week on the currency markets. The greenback strengthened on all fronts when the week got underway as bad news out Asia and Europe increased demand for the US dollar. The final days of trading saw a turn-around as fears that Citigroup and Bank of America were heading for nationalization sparked wide-scale dumping of the US currency. forex wrap and forecast for feb 22-27 continues...

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