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Wall Street closes modestly lower after recovering from strong losses

FXstreet.com (San Francisco) - The US stocks market recovered from morning losses to end the day with modestly declines. Wall Street traded under pressure on Chinese poor manufacturing PMI and concerns about the Fed tapering its bond buying program.

The Dow Jones declined 12.67 points or 0.08% to end the day at 15,294.50. The S&P 500 eased 4.84 points or 0.29% to 1,650.51. And the Nasdaq Composite finished the day 3.88 points or 0.11% down to 3,459.42.

GBP/JPY tests the 154.00 area

The Sterling is extending its recovery from 151.80 against the Japanese Yen and after a brief pause at 153.50, the GBP/JPY has extended its advance to test levels above the 154.00 area.
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Moody's affirms Switzerland Aaa rating; stable outlook

Moody's Investors Service has affirmed the Swiss sovereign debt at Aaa according to a recent press release published by the agency. The outlook remains stable.
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