New Overnight Developments Abroad: Dubai Scare Subsiding
December 1, 2009
Risk aversion has ebbed as investors conclude that Dubai doesn’t represent a systemic threat. Typical currency pattern with yen and dollar on back foot. The greenback gained 0.6% against the yen but has lost 1.6% versus the kiwi, 0.9% against the Canadian and Australian dollars, 0.7% relative to sterling, 0.5% against the Swiss franc and [...]
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