Trader's aversion to risk has continued to push safer currencies higher as global equity markets continue to trend lower. Traders have been unraveling riskier investments financed with loans from currencies with ultra low Interest Rates, predominately in the USD and the Yen. As risk aversion heads higher, so does the value of these two currencies. Traders may look this week to a strengthening USD and JPY which could last until this global recession receives some containment and stabilization.
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