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    Forex » Yellen Takes the Chair
    Finances - October 9, 2013, 20:50 GMT

    The broad market eeked out small gains on Wednesday morning due to some speculated headlines, after a number of tough days on Wall Street. As fears of a treasury default and governmental uncertainty weight, risk assets have come under pressure. It was announced by the White House that Janet Yellen will take the reigns from

  • The US government closure continues to weigh on investors sentiment pushing US yields lower and weighing on riskier assets. The dollar recovered some ground against the yen after moving lower toward support on Monday. The 10-year yield tested the 2.6% level before bouncing back to 2.65%. Japan reported a smaller than expected current account surplus.

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