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US stocks closed at lows amid growth fears

FXStreet (San Francisco) - Wall Street closed at lows of the day as investors digested bad concerns about global economic growth and S&P cuts in recovery expectations.

The Dow Jones lost 272.52 points or 1.60% to finish at 16,719.39; the S&P 500 eased 29.72 pts or 1.51% to 1,935.10; while the Nasdaq Composite lost 69.60 pts or 1.56% to 4,385.20.

When the market makes it’s mind up…- FXStreet

Valeria Bednarik, chief analyst at FXStreet explained that the market seems determinate to push the greenback lower, with the American currency trading at its weekly lows against most rivals.
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More USD strength to come - TD Securities

Shaun Osbourne, Chief FX Strategist at TD Securities explained if the USD rally is running out of momentum though, they generally suspect it will be relatively a short-term affair.
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