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S&P sees more downgrades than upgrades for 20 big emerging market sovereigns

Livesquawk reported earlier today that the US ratings agency, S&P, said in its latest note that it sees more downgrades than upgrades for 20 big emerging market sovereigns over the coming year.

USD/JPY - Risk reversals retrace gains despite the breach of trend line hurdle

The Dollar-Yen pair closed yesterday above the resistance offered by the trend line sloping downwards from the March 10 high and July 11 high, still o
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NZD/USD down to test 5-month lows near 0.6885

The offered tone around the New Zealand dollar keeps growing bigger in the mid-Asian trades, now pushing NZD/USD back near five-month lows of 0.6886 a
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