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The New Daily
The New Daily
Business
Matthew Simpson

Market Wrap: Turbulence and terror for investors – which key levels will break next?

Markets remained under the clear direction of the US dollar and yields following last week’s hawkish FOMC meeting, which saw Wall Street and key commodity markets continue lower due to recessionary fears.

The ASX 200 fell for a second week and closed beneath 6600 for the first time since late June, as investors continued to offload Aussie stocks on Monday to push the index below 6650.

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