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Fannie and Freddie's Troubles are a Lose-Lose for the US Dollar

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07-11-08, 09:16 PM

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Fannie and Freddie's Troubles are a Lose-Lose for the US Dollar

Calling the financial markets active today is practically an understatement. The combination of soaring oil prices and problems with Fannie Mae and Freddie Mac triggered sharp volatility in the equity and currency market. At one point during the US trading session, the Dow jumped 200 points within minutes, driving EUR/JPY...

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