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Panic Selling Could Drive These Currencies to Fresh Lows

From bkassetmanagement.com

Panic selling continued to hit the financial markets on Tuesday as investors head for the exit. The Dow Jones Industrial Average lost another 800 points which is approximately 3%. Germany confirmed another case of coronavirus, this time from a patient who visited Milan while Switzerland reported its first case also from Italy. Europe’s open borders is becoming a serious problem for virus containment and according to the US’ Center of Disease Control, a pandemic is inevitable. They expect the virus to spread in the US and warned that it could take 12 to 18 months before a vaccine is developed, though human trials ... (full story)

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  • Category: Fundamental Analysis