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European Session: US Budget Deficit Swells
10/23/09 by Daily Forex Snapshots
Filed under Forex & Futures
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Markets are still digesting the whopper of a US budget deficit released yesterday. The figure has ballooned by close to $1tln over the pat year, staggering for even the US . Currently roughly 51% is held by overseas investors and of that number half is held by Japan and China . Interestingly, while the markets ponder how long foreign appetite for US assets will continue, the Fed happily extends… | ||||||||||||||||||||
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