Risk appetite continues its hold after the Fed points to slower recovery

G10 Advancers and Decliners vs USD
JPY 0.21
CHF -0.28
GBP -0.28
EUR -0.53
The JPY rose to a two-week high against the EUR, and the USD gained, as signs the global economic recovery is waning boosted demand for safer assets after the Federal Reserve said the US recovery will be slower than expected and reports today showed UK consumer confidence dropped and Japan’s machine orders rose less than analysts forecast. AUDUSD weakened for a third day after China said…

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