Risk aversion on the rise |
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Today’s comment Majors & Scandies By the Majors & Scandis Team The USD weakened further overnight as concerns regarding a possible recession in the US increased. The uneasiness was sparked by weak economic data from the US and comments made by Fed chairman Bernanke who warned of possible failures among smaller banks. USD rates dropped as investors increased speculation that the Fed will cut rates by 75 bps on the March 18th monetary policy meeting and EURUSD rose to fresh peaks (
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