Wave of selling hits dollar in thin market
MARKET NEWS
NEW YORK -- The dollar was left reeling late last week after a massive sell off against the major currencies.
The move came in late European trading last Thursday in liquidity-starved markets. The euro and the yen both surged, breaking through key resistance levels and lengthening the move.
"There has been talk of a large position being unwound, which started the move," Jeremy Stretch, currency strategist at RBC Dominion Securities in London told FX Week. "I think it was also triggered by some
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