EUR/USD brushes the 1.6 mark |
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Franc moving sideways – short-lived negative correlation with stock markets Yen hits low vs. euro US dollar In the past few weeks, events on financial markets have been driven by frightening newsflows from the US financial sector. Speculations regarding the write-offs and/or amounts needed by the two mortgage lenders Freddie Mac and Fannie Mae caused unrest in the markets. The two institutions hold or guarantee loans totaling USD 5000bn, which is more than one-third of US GDP. Additionally, a
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