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Commodities Briefing - Categorized | Currencies more

Traders flee growth currencies as Japan fears mount

Posted on 16 March 2011

From Dow Jones: Nervous traders jumped into perceived safe havens such as the yen and Swiss franc Tuesday as reports of further explosions at Japan’s Fukushima nuclear power plant sent currencies tied to global growth sharply lower across the board.
A full-blown nuclear disaster could put pressure on global energy supplies, stoke more oil-driven inflation and have a profound effect in slowing global growth……………………………………….Full Article: Source


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