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In currency, the US Dollar retracted last week when aggressive selling across the variety of high-risk assets took a rest as the risk-averse pattern that began to take place at the beginning of May ran into short-term deal seekers, producing a correction. Risky assets came under stress after the Fed reported at the end of April that it would allow its QE2 program to run out in June, shutting investors’ use of cheap money that had propped them up.

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