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Risk warning: Losses could exceed deposits.

Marshall Gittler discusses the dollar rally in anticipation of the FOMC meeting and a rate hike this September. The Greek situation is going from bad to worse. The IMF say’s there’s no progress in narrowing differences.

Germany might refuse to fund the Greeks which could prove catastrophic for the euro and we could see the currency fall much further. Oil price fell on the news that oil production for May was at the highest since 2012.

https://www.youtube.com/watch?v=VmngBWW1oXI

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