US Session: Concerns of a Market Correction Lead to Heightened Risk Aversion
July 7th, 2009 • Related • Filed Under
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The financial markets took a turn for the worse supporting further dollar strength in an attempt by Investors to scale back risk. The EurUsd fell 62pips to the low range of 1.39, struggling to breach the 1.40 level in recent trading and should serve as a psychological resistance point in the near-term. The UsdJpy fell 60pips also back below 95 consistent with the pattern of risk aversion… | ||||||||||||||||
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