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Dollar Bull Wounds Heal Quickly
Finally, the mighty dollar has found some needed love again. The majority of weak dollar long positions have had to endure a few weeks of underwhelming US economic reports. Economic underperformance had many investors wading to the sidelines, exiting their dollar positions as softer US Data had the market reconsidering the depth of their own "bullishness" for US growth. January's US retail sales steepest one-month decline in 18-months, combined with the miss in both PMI's for manufacturing and NFP last month has convinced the market to contemplate revising their US growth rates for both Q4 and Q1. ... (full story)
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