Manufacturing releases from China and the US, and a very strong 2nd quarter GDP report from Australia helped to propel global stocks to strong gains. In NY morning trading the Dow Jones Index for instance was up 240 points. That helped “”higher yielders” like the Australian and Canadian Dollars, the Euro and the Pound gain [...]
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Monday, March 22nd, 2010 Recap: We came into this with risk aversion high as India hiked its interest rates on Friday sending commodity prices lower and EU leaders still cannot get on the same page when it come to aid for Greece. Those issues boosted the Dollar and Yen on safe haven appeal. In NY [...]
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