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High Beta Currencies Follow Equity Markets Lower
11/26/09 by Daily Forex Snapshots
Filed under Forex & Futures
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Despite a meager data schedule, the FX markets have experienced relatively large moves over the course of the day as the unwind of positions ahead of year end were exaggerated by thin liquidity conditions. Equities are sharply lower across Europe and Latin America, and even gold has sold-off markedly from its $1195 highs to trade at $1184 levels.
After the excitement of the moves in the Asian… |
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