Forex | Forex | Canadian and the New Zealand dollars (19/08/2009 14:12:27)

Canadian and the New Zealand dollars

Market Summary The fall in China’s equities is dominating the headlines this morning and spurring risk-aversion demand for the Japanese yen and, to a lesser extent, the US dollar. China’s stocks fell 4.3% today and the decline from the early-August peak has nearly reached 20%, toying with a shift to a technical bear market. As China remains the main pillar for hopes of a robust global recovery, this is leading to declines in equity and commodity prices globally. The yen is notably


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