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Hardy: Trading the risk-off sentiment

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The dollar is weak across the board this Monday as risk-off sentiment dominates trading. Markets are particularly jittery after Chinese stocks dropped some 8% in Asian trade.
Saxo Bank's Head of FX Strategy, John Hardy, looks at how you could be trading in this difficult environment. EUR appears to be the main beneficiary in this environment. He also considers what affect this week's meeting of the US Federal Reserve will have on currency trading.