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Forex Looking For Clues
Modest risk is being applied across the various asset classes, with investors believing that major political concerns that drove stocks lower, bond prices and the dollar higher last week have somewhat abated. The market continues to distinguish between the humanitarian crises in Gaza and Iraq, which are not true market drivers, and the Ukraine conflict, which has far more potential to influence asset prices. The news that Russia was reported to have ended its military exercises on the Ukraine border is risk positive, as too is the Gaza ceasefire and pro-Russian rebels asking Ukraine for its own ceasefire. Forex thus ... (full story)
