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European indices open the day in the red

The situation was definitely much worse an hour ago. We even see US futures gradually paring back some of the earlier losses, with S&P 500 futures down just 0.5%. Earlier, S&P 500 futures were down 1.7% on the day. In the foreign exchange market, we also see the dollar largely paring its gains. EUR/USD is stable at 1.0645 while AUD/USD is down just 0.1% at 0.6413 currently.

This article was written by Justin Low at www.forexlive.com.

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