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March 14th, 2009 • Related • Filed Under
March 6, 2009
U.S. Dollar Rallies on Economic Woes and Interest Rate Cuts
The U.S. Dollar regained its power as a safe haven asset on Thursday following another day of selling pressure in the global equity markets. Stocks were down worldwide as a series of negative economic events triggered a cascade of selling pressure throughout the New York trading session.
Selling pressure began overnight when China failed to announce another economic stimulus plan. The bullish tone on Wednesday which was created by speculation that China would commit big bucks to …
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