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Friday, June 11, 2010

The Euro and Commodity Currencies Rally as ECB Guarantees, Chinese Data Quiet Crisis Concerns

Over the past six months the principal fundamental concern behind the bear market has evolved. What was originally a mere retracement on a overextended 2009 rally would evolve into fears over the health of the outperforming economies (i.e. China), then uncertainty surrounding sovereign credit risk with ballooning deficits and finally the specific concerns that the next financial crisis could spread from the European Union.

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[Source: DailyFX Forex Market News]

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