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Daily Video Recap (4/16): Goldman News Boosts Yen, Weakens Commodity Currencies

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Uploaded by on Apr 16, 2010

The Yen surged on news that the SEC brought fraud charges against Goldman Sachs. The news prompted a sell-off in US equities which heightened the sense of risk aversion in currency markets benefiting the Japanese currency. Also, oil and gold tumbled which weakened the Canadian and Australian Dollars.

News Provided by FXTimes/CMS Forex
http://www.fxtimes.com
http://www.cmsfx.com
Analyst: Nick Nasad

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