Profit

Natural to see counter-flows as dollar retreats from 5-week high: CityIndex

PUBLISHED ON: May 14, 2013 | Duration: 3 min, 49 sec

  
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European shares edged off multi-year highs with renewed worries over the banking space triggering a bout of profit-taking in the segment. About the dollar, which has slipped from a five-week high against a basket of major currencies, CityIndex chief market strategist Joshua Raymond says it is only natural to see counter-flows.
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