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y Kathy Lien, Managing Director of FX Strategy for BK Asset Management

The question of whether FX traders will continue to ignore yearend risks is a question about whether the recent recovery in currencies and equities is a bottom or a pause before further losses.  The sentiment in the financial markets improved dramatically in last week's shortened holiday trading week.  Having fallen nearly 8% between October 19th and November 15th, the S&P 500 is now close to 5% off its lows.