The US data on jobless and retail sales are quite optimism generating. Yet the markets will tend to shrug off these as USA appears to be a lone ranger. Apprehensions of contagion impact is worrisome among investors. Oil price falls are clearly depicting a crisis of confidence in the markets.
With news of Deutsche Bank and Barclays being under investigation by New York regulators for indulging in manipulating foreign exchange rates, investors are likely to retreat further.
http://www.reuters.com/article/2014/12/11/usa-banks-forex-probe-idUSL1N0TV0QX20141211
With news of Deutsche Bank and Barclays being under investigation by New York regulators for indulging in manipulating foreign exchange rates, investors are likely to retreat further.
http://www.reuters.com/article/2014/12/11/usa-banks-forex-probe-idUSL1N0TV0QX20141211
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