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Risk Aversion Rocks Markets And SNB Strike Back
02/05/10 by Daily Forex Snapshots
Filed under Forex & Futures
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Yesterday’s trading took a dramatic turn late in the European session as the weight of sovereign debt concerns (primarily the possibility that Portugal may pose a greater threat to Eurozone stability than Greece) coupled with higher than expected US claims data knocking the prospects for today’s non-farm payrolls led to a spectacular bout of risk aversion and positions unwinds. Initial claims… | ||||||||||||||||||||
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