Few more days we are going to pass this year. What a year for the financial market,especially... Crisis, recession, cutting rates, stimulus packages are the main issue of this year. And We shall meet them next year.
Until the end of 2008, which is just 8 more days, people are squaring their position in stock markets. They don't want to hold anything in holidays. US dollars and Japanese yen are still stronger because of this action. Risk aversion plays. Euro is still stronger then pound sterling because of the future interest rate gap between this two. All of this situation might continue until the beginning of next month.
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