SubscribeUS Session: Dollar Corrects to the Upside Causing a Pullback in Gold, Bernanke Calls for Curbing Budget Deficits
June 3rd, 2009 • Related • Filed Under
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The dollar regained lost ground against all major currencies as the Dow plummeted more than 100pts, boosting demand for the safe-haven assets. The EurUsd dived 200 points to the $1.41 level. The GbpUsd continued to deteriorate, down more than 300 pips or 1.6% to 1.62. Equity markets in the US and Europe saw a major decline–the Dow tumbled by 122pts or 1.4% and the FTSE fell 44pts or 1.93%. The… | ||||||||||||||||||||
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