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SNB Sets EURCHF Floor at 1.2000
The plethora of risk events scheduled this week have generated a full-fledged flight to safety. Yesterday, weak PMIs and news flow from the EU put the spotlight on EU debt concerns and fears of a global economic slowdown. It seems that risk is everywhere and safe haven trades are extremely crowded (making for their own risk events). Welcome to September. Gold looks comfortable above $1900 while... ...More...
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