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EUR Black Hole Threatens to Deepen
The term ‘fiscal cliff’ is dominating most trading activities, thoughts and investor actions. Asian and European markets have and are seeing ‘red’ as the markets fixate on the new go to buzzword. Concerns over the US fiscal cliff will remain at the forefront as the market heads stateside, even overshadowing the upbeat data released there yesterday, including the narrowing of the US trade deficit to its lowest level in 24-months. The EUR, trading within striking distance of its two-month low, continues to look vulnerable, particularly since Greece’s next tranche of financial aid is hanging in the balance ... (full story)
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- Nov 9, 2012 7:23am Nov 9, 2012 7:23am
- IberoForex
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Omne principium grave
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