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Asia session recap & ranges

Posted by Akhilesh Ganti on Feb 26, 2013 10:49:00 PM

The US dollar was marginally stronger against most of the majors with the notable exception being the Japanese yen, a pattern that is quite reminiscent of markets that are in a risk-off mode. In addtion to the continuing worries about a global growth slowdown, particularly in China, there is the ongoing Italian election saga and the mystery surrounding the next BOJ governor, all of which are contributing mightily to the uncertainity that is currently enveloping the markets.

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