The Return of the Euro Crisis

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The high yield currencies suffered on Friday as concerns over the global economy came to the fore following weak Chinese GDP data and rising yields of major peripheral Eurozone economies. However, there was some respite on the domestic front after S&P on Friday reaffirmed its top notch “AAA” rating for the UK. With housing data by Right move surprising on the upside this morning, all eyes are likely to be focused on the heavy domestic calendar this week. With little in terms of European data today, retail sales and business inventories data in the US are expected to hold market interest.

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The Return of the Euro Crisis

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