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Forex Trading: US Dollar Continues To Recover On Decreased Risk Appetite
Posted on April 08, 2009 at 11:40 AM EDT
The USD continues to gain as risk appetite declines. Market participants had entered this earning season with a false sense of optimism and high expectations, which is fading fast. Alcoa (AA) posted disappointing earnings in yesterday’s (Tuesday) US session, which nows forces traders to reexamine March’s unprecedented rally (short convering driven) and to reconcile their expectations ...
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