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US market jitters ‘overdone’

Dallas Federal Reserve president Richard Fisher says that market jitters may have been overdone in the wake of last week's rather more hawkish Fed statement

By Richard Nehme | June 25, 2013 10:25 BST
Euro continues to benefit from weaker USD
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EUR/USD moved lower across the day, breaking into the 1.30’s to hit a low of 1.3056 against the early morning high of 1.3124. The pair currently resides around the 1.3135 mark as the euro surges with financial markets look set to shrug off weakness in the US and Asia, where the Dow Jones Industrial Average closed down almost 1% and the Shanghai Composite was recently down 3.4% [...]

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