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Greek Concerns Rattle Markets

02/25/10 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD JPY 0.75 CHF -0.54 GBP -0.56 EUR -0.61

The late Asian session was one massive exit from risk correlated trades which then pushed USD and JPY significantly higher. Early in the session, risk appetite was solid with US equity markets higher on the back of Bernanke’s testimony. Bernanke stressed that the Fed would probability keep the federal funds rate "exceptionally low for an extended period.” In addition, Bernanke was clearly…

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