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Dollar & Yen continue to fall as Volatility (VIX) does the same!
By Sean Hyman | June 29, 2009
As the VIX (Volatility Index) continues to drop in the stock market…it shows that the fears are subsiding and that traders believe that the worst is over. This sentiment is helping money to pour out of the dollar and yen today and into foreign currencies like the Aussie and pound today. As a side note…EUR/CHF just sold off rather quickly over the past few mintes…YET it remains above its downtrend line. The traders really want to push it back into a downtrend and the Swiss central bank keeps intervening to push the franc down, especially vs. the euro.
Tags: Aussie, bank, central bank, CHF, currencies, dollar, dow, downtrend, EUR, Euro, fear, franc, Hyman, index, market, money, pound, Sean, Sean Hyman, sentiment, ssi, Swiss, time, trade, trader, Yen
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