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1: Sharp Reversal in Yen as Investors' Sentiment Improved Date: Jul 19th 2008
Investors' sentiments had a drastic turn last week, trigging much volatility in the financial markets. Markets were still pessimistic even after Fed and Treasury's plan to rescue Fannie Mae and Freddie Mac. But a couple of factors boosted the confidence later on in the week, including better than expected financial results in the banking sector. Citgroup, JPMorgan Chase and Wells Fargo reported better than expected quarterly results, raising the hope that the worst in credit market crisis is coming to an end.
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