Daily Forex Technical Report - Euro Gaps Lower on Deepening Credit Crisis, Dollar and Yen up on Risk Aversion |
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Action Insight Daily Report Euro Gaps Lower on Deepening Credit Crisis, Dollar and Yen up on Risk Aversion Euro gaps lower against dollar and yen on worry that credit market crisis is deepening in the Eurozone countries. Germany government was forced to put up a new rescue plan for Hypo Real Estate after German banks and insurers shocked the markets by withdrawing support for the original rescue for HRE. In the new rescue plan, German Government pledged to guarantee private deposits, covering
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