August 12th, 2010
Dollar higher on worries over growth
jpyforexfan
The US dollar strengthened its position against the euro today, extending gains for a 4th day against the European currency, thereby ending the uptrend in EUR/USD. The forex market right now looks like it’s full of fear of a global slowdown. According to reports (MarketWatch, etc.) many investors abandon the stock market and other riskier assets to rush into the safe havens of the US dollar, the yen and T-bills, of course.
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