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| | | | DailyFX Delivered To You: Daily Fundamentals Article Thank you for signing up for DailyFX research. Please see below for today's Fundamentals article: - Safe Havens Soar as European Crisis, U.S. Downgrade Stoke Risk-Aversion
The Japanese Yen, Swiss Franc and even the U.S. Dollar were lifted by significant demand in the Asian and European sessions as market participants fled higher yielding assets in return for safety following a tumultuous weekend in which Standard & Poor’s downgraded U.S. government debt and the European sovereign debt crisis inched closer towards reaching its breaking point. - Forex: USD Benefits From Flight To Safety, Euro To Weaken Further
Comments by global policy makers failed to lift market sentiment even as the Group of Seven pledged to take the ‘necessary measures to support financial stability and growth,’ and the flight to safety looks poised to gather pace throughout the North American trade as the world’s largest economy loses its coveted AAA credit rating. Reminder, you will receive daily e-mails with the latest Fundamentals Article. Visit the DailyFX forum to ask our DailyFX analysts questions, share your thoughts on this article, or talk with other traders. Want more news? Sign up for additional newsletters. Have questions or comments about this article? You can contact our research team at research@dailyfx.com. Best regards, DailyFX Financial Square 32 Old Slip, 10th Floor New York, NY 10005 Tel 1-212-897-7660 Fax 1-212-897-7669 research@dailyfx.com | | | | | | | |