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Currencies – US Dollar Gains as S&P Puts US Outlook to Negative

Posted on: April 18, 2011

The US dollar gained today after Standard & Poor’s reduced the US credit rating to negative, spurring demand for the currency as a safe haven. The yen still looks more attractive as a safe currency and outperformed the greenback. S&P confirmed the US credit rating of AAA/A-1+, but decreased the

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