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      Wall Street in the red, Investors worried about economy

      FXStreet (Mumbai) - The stock markets in the US fell sharply in line with its European peers as investors view Fed’s inaction n Thursday as a sign of economic slowdown.

      At the time of writing, the Dow Jones industrial average was down nearly 200 points, or 1.39%, at 16,443.24, the S&P 500 was down 22.37 points, or 1.1%, at 1,967.83 and the Nasdaq composite was down 46.16 points, or 0.94%, at 4,847.79.

      European stocks are headed for the biggest drop in two weeks, although Asian stocks cheered the Fed’s decision to hold rates unchanged. Moreover, the Fed put focus back on the concerns such as China’s economy and plunging commodities.

      WTI tumbles to $45.00

      Crude oil prices are being slapped in the face on Friday, slumping more than 3% towards the $45.00 per barrel...
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      USD/CAD looks heavy in the near-term – Scotiabank

      According to Currency Strategist at Scotiabank Eric Theoret, the outlook for the pair appears heavy in the short term. ..
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