> Risk trades drifting lower after S&P statement

Risk trades drifting lower after S&P statement

Thursday, 14/07/2011 | 23:57 GMT-0

Little surprise to see USD/CHF and USD/JPY leading the move lower after the S&P statement; more reasons for risk aversion and more reasons to sell the dollar.

Short-term support is seen around .8110 in USD/CHF and 78.70 in USD/JPY.

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