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IMF Governors Approve a Historic US$650 Billion SDR Allocation

SDRs Will Be Credited To IMF Member Countries Washington, DC: The Board of Governors of the IMF has approved a general allocation of Special Drawing Rights (SDRs) equivalent to US$650 billion (about SDR 456 billion)...

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FX: What happens when EUR/USD breaks parity?

Fireworks On The Way Growing fears that central banks will have to push ahead with tightening even as the economy slows are triggering widespread expectations of recession. In financial markets, these fears are being played...

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