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Forex Flash: The correction widens - Societe Generale

FXstreet.com (Barcelona) - Sebastien Galy, Senior FX Strategist at Societe Generale notes that the recent correction in the markets is steadily widening and now taking on the JPY funding leg.

He writes, “US equity markets were under more pressure an indication of institutions cutting their positions. Gold, silver are just the lead. North Korea gave us its final warning timing well the market, while we are watching on a loop images from the Boston Marathon. Sentiment is souring under some dark clouds.”

Italy Global Trade Balance rises to €1.086B in Feb from €-1.614B in Jan

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Forex Flash: EUR/USD sheltered from worst of recent risk-off contagion - OCBC Bank

Emmanuel Ng of OCBC Bank notes that with EUR/USD sheltered somewhat from the worst of any Risk-Off contagion in the current episode.
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