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Dow Jones slides more than 600 points as White House tries to spin the positive
As expected the US stock markets slid into the opening and that has seen more than 2% falls for the Nasdaq 100 and the S+P 500. Meantime, the Dow Jones has crumbled below 40k. The dollar is still not lower overall and on balance it is actually higher. That people, makes no sense whatsoever, but perhaps we have to put that down to month-end demand for the US currency and nothing else at this stage. The EUR/GBP is higher and that is forcing the GBP/USD lower and stopping the EUR/USD from moving higher ahead of the final 4pm fix of the month. Once that is al out of the way it might be a different matter for the US currency. The Dow Jones has traded below 39,850 earlier. It is just now trading at 39,875
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