Underscoring investors' on-going insatiable appetite for risk, the benchmark stock indices in Germany and the UK hit new record highs today. The commodity-heavy FTSE 100 rose on the back of a sharp rally in the price of oil while the DAX was boosted by news German Chancellor Angela Merkel won in a local regional election. As a result of the oil and stock market rally, commodity currencies outperformed while perceived safe haven yen and dollar both fell. The euro continued its recent ascend thank…
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