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Waiting on EU Bank Stress-Test Results
FX markets have been shocked into a standstill, as event risk-laden news flow halted true directional price action. S&P announced that they were putting the US`s cherished 'AAA/A-1+' rating on creditwatch negative. S&P stated that further delays on debt talk could cause “at least a one-in-two likelihood that we could lower the long-term rating on the U.S. within the next 90 days". In... ...More...
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