Heavy Selling in Global Stocks Increases Risk Aversion Boosting Yen
Thursday, November 20th, 2008
Global stocks saw a sharp sell-off today which ended with US stocks closing at multi-year lows. Risk aversion was in full bloom today as the Yen gained on its rivals. In a surprise move the Swiss National Bank lowered rates by 100 basis points.

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Author: cmsfx
Keywords: forex trading finance currencies news economy fx foreign exchange dollar euro yen pound
Added: November 20, 2008