FX Market Update – June 29 2009
The currency markets are showing little enthusiasm this morning; quiet markets may well characterize trading this week though the USD looks a tad vulnerable to extending the grinding losses seen over the past week or little more; overnight USD gains made on the back of comments from China’ central bank governor suggesting that there would be no quick move away from the USD have faded a little after the head of the Arab Monetary Fund suggested that the US’ huge debt pile and concerns about the US
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