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Updated Oct 27, 2010 8:00:00 AM
Yesterday’s large currency moves are extremely significant for the FX market. Sterling has been one of the weakest currencies in recent months, but yesterday’s reversal has seen sterling make a significant low, especially against strong currencies like the euro, the Aussie and the CHF. In contrast, the Aussie dollar , which has been one of the strongest currencies, may have formed a temporary top and is coming under pressure on a broad-based basis.
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