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Afternoon Update!
By Mike Conlon | December 7, 2009
Just wanted to drop a quick note about the trading action today. The US dollar (USD) is down slightly, as the stock market is up a bit also. What’s interesting is that gold is also down, perhaps as a result of coming “a little too far, a little too fast”. I’m not certain if the usual correlations in the market are going to breakdown completely, but I think they definitely will be tested in the coming days and through year end.
Also to note is Canadian dollar (CAD) and Japanese yen (JPY) strength.
Tags: cad, dollar, dow, gold, Il, interest, Japan, jpy, market, Mike Conlon, stock, trading, USD, Yen
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