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Risk Appetite Recovers But Sovereign Debt Concerns Still Simmer
11/27/09 by Daily Forex Snapshots
Filed under Forex & Futures
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After the early drama of gold’s $50 plunge down to $1137.86 lows, risk appetite has recovered strongly thanks to European equities rallying into positive territory on the day; in turn helping US indices to recoup ground and sending the USD lower against most major currencies. The turnaround comes after a statement from Dubai’s Chairman of the Supreme Fiscal Committee started to gain some traction… | ||||||||||||||||||||
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