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Dow Meltdown Leads to Carry Trade Liquidation
Thursday, 01 November 2007 20:44:14 GMT  |  Kathy Lien, Chief Strategist
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With the US stock market falling 360 points, it would be surprising if the Japanese Yen crosses did not melt down today.  The correlation between these assets remains strong and we expect further weakness in the Dow to lead to further weakness for carry trades. 

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