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Realistbear

G20 Pledge To End Currency Volatility Ends

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http://www.bloomberg.com/news/2010-11-01/currency-swings-show-traders-losing-faith-in-g-20-as-korea-eyes-controls.html

Currency Swings Show Faith in G-20 Pledge Fading

By Matthew "Matt" Brown - Nov 1, 2010 10:31 AM

Taylor, speaking with Erik Schatzker on Bloomberg Television's "InsideTrack," says another round of quantitative easing is mostly priced into the market and that the U.S. dollar will weaken through the end of November before recovering. (Source: Bloomberg)

Traders are losing confidence in Group of 20 finance officials’ pledge to avoid foreign-exchange manipulation, less than a week after the leaders vowed to stop devaluing currencies to prop up their economies.

Volatility among Group of Seven currencies rose to about the highest level in four months since the G-20 meeting ended on Oct. 23, according to the JPMorgan G-7 Volatility Index.

Rhythmic music featuring frenzied drumming can be heard in major trading rooms to influence traders who are said to take more risks and trade more rapidly when a steady beat can be heard in the background.

:lol::lol::lol:

Edited by Realistbear

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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