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Greek possible Grexit and Crude Oil’s fall drive the markets crazy : Analysis


US and European equity markets continue to fall as a consequence of another drop in oil prices, fears of financial instability in Europe over Greek debt and the signs that global deflationary pressures are rising.

Currency markets instability occurs as the US dollar hit a nine-year high against a basket of currencies, while the euro touched a nine-year low, amid concerns over whether the Greek election, to be held on January 25, would spark political instability if the opposition SYRIZA coalition were to win.

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