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Euro slides to five-week low vs dollar; commodity currencies slump
The euro dropped to a five-week low against a buoyant U.S. dollar on Tuesday, after the European Central Bank left emergency liquidity aid for Greek banks at current levels but increased the haircuts on the collateral it demands. That raised concerns Greek banks could soon run out of cash and that Greece's problems will spread to other southern European countries. German 10-year Bund yields fell to their lowest since early June and interest rate differentials moved against the euro, which fell to a six-week trough against the yen. "Markets seem to be losing patience and faith in the Athens' debt crisis ending with ... (full story)
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- fxx360
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- hayseed
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to trade and code, keep both simple... no call to impress....h
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