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Forex Today: Risk-aversion to remain as the main market motor

1 month ago   |   By FXCM

Here is what you need to know on Monday, June 27:
Record new coronavirus cases in the US fueled concerns about a possible economic comeback. Risk-aversion was the main theme last Friday, with the American dollar strengthening on the back of its safe-haven condition. Wall Street plummeted, with the three major US indexes losing over 2.0% each.
Mayor pairs finished the week little changed, except for GBP/USD, which fell to a fresh monthly low near 1.23. They could experience some wild movements during the upcoming days amid quarter-end flows.
Commodities are mixed, with crude oil prices...
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