24.11.11

All Aboad USS Greenback As Risk Aversion Sets Sail.

Weak demand for German bonds rocks markets to send euro lower.
Euro takes hammering in currency markets on weak economic data.
Dollar trades near 7 week high vs euro on safe haven demand.
Cable lower on safe haven play but pound picks up vs euro.
Rand falls as risk aversion spreads through global markets.

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Categories: Market Commentary.