Greenback and Yen Rally on Risk Aversion, Falling Stocks
Thursday, November 19th, 2009
Recap: The greenback and Yen strengthened today on risk aversion and falling equities. The Euro and Pound fell within their pre-existing ranges, while higher-yielders like the Aussie and Kiwi hit 2-week lows. US jobless claims hovered a their 10-month lows, a regional Fed manufacturing survey surprised on the upside, while the leading index came in smaller than expected. The UK meanwhile posted data showing the deterioration of its fiscal position.
News Provided by FX Times/CMS Forex
http://www.fxtimes.com
http://www.cmsfx.com
Analyst: Nick Nasad
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