Thread: Forex News from InstaForex
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21-06-13, 10:18 #11
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Dollars, Euro and Sterling in Demand on Friday
The U.S. dollar, euro and sterling were all in demand on Friday as the prospect of an end to super-easy money from the Federal Reserve drove a mass migration out of emerging markets and into developed world assets.
Fears about the Federal Reserve buying fewer bonds later this year pummeled the U.S. bond market on Thursday, pushing benchmark yields to the highest levels since August 2011, with few signs of when the month-long rout will end.
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