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Sovereign Debt Causes Wild Forex Day
Thursday, February 4, 2010 - 6:15pm | 120With fiscal liquidity concerns spreading like wild-fire across Europe, the EURUSD sold-off at a frightening rate today falling by over 150 pips to its present value of 1.3730 (see hourly chart). The correlated Dow Index also tumbled by over 260 points finishing the day just above 10,000. The safe-...