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2009: Around the world in four currencies
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CT-January 2009-1
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There are opportunities in the forex market as currencies realign after the fall 2008 market dislocation, but traders should tread carefully.
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Detailed Description
Amid the storm of financial and economic crises that dominated the year, many traders were happy to close the door on 2008. Last year’s action in the foreign exchange market was volatile, with fall and winter action driven by massive risk aversion and global position liquidation.
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