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FTSE 100 finally trades below 8,000 as the Dollar surges
Well, it has taken a bit longer than envisaged, but finally the FTSE 100 has done as was always thought likely and now traded below the 8,000 handle for the first time since August, when it based out then at 7,915. An update here earlier looked at this happening today and the move lower comes as the DAX gets smacked again and now slides below 18,900 and close to 18,850. The dollar is making further gains now across the board, although in relative terms to earlier, the USD/JPY is lagging a bit, which is unusual. It is really the EUR/USD that has been slapped and now fallen towards 1.0550, endorsing all that has been repeatedly said here. The FTSE 100 has just lifted slightly, but the risks of a close below 8k this afternoon look as live as they did earlier today
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