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AUDJPY Cross Correlation With Equities Tight Today
Wednesday, October 27, 2010 - 3:34pmThe Australian dollar and the Japanese Yuan cross this afternoon started to perk up after it traded sharply lower this morning down nearly 2% on US dollar strength and equity weakness. This pair has been closely correlated with the S&P500 for the greater par to this year. Currency's are...
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US Dollar Falls Further On Another Blow
Monday, January 11, 2010 - 9:59amThe US dollar continued to move lower, adding to the losses suffered on Friday, after the release of weak non-farm payrolls data. The fall in the value of the dollar was worsened by comments made by a Federal Reserve official on the possibility of US interest rates continuing to remain low for some...
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