Wednesday, May 11, 2011

Dollar Surges Amid Risk Aversion



The U.S. dollar surged and stocks tumbled as risk aversion took hold amid ongoing debt concerns in the Eurozone periphery and softer Chinese economic data. Additionally, global inflation concerns mounted increasing the prospects for higher interest rates. The dollar was given a boost by hawkish rhetoric from the Fed as

Source: ActionForexall Rss Feed




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