Markets React Sharply to EUR 750 Billion EU/IMF Sovereign Debt Rescue Package
May 10, 2010
European currencies and commodity sensitive currencies advanced strongly against the yen and dollar. Stocks are much higher. Gold is lower, but oil and other commodities have risen. Sovereign bond yields dropped. The dollar recovered 1.9% against the yen but declined by 2.0% against the euro, 1.7% relative to the Canadian dollar, 1.5% versus the Australian [...]
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