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Greek Referendum Pledge puts FX in Risk Reduction Mode
When it rains it pours. The bad news just kept on coming in yesterday's trading session. Risk reduction was the primary theme in the market, as worries over European debt crisis mounted and growth concerns returned. The day started with Greek Prime Minister Papandreou calling for a confidence motion this Friday and a broader referendum on the proposed EU rescue package later. The vote throws... ...More...
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