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King Dollar rolling over in quiet trade

From forextime.com

The market mood remains mixed as US stocks open in positive territory while European indices and the dollar are in the red. The Shanghai index added another 1.6% on the day after Monday’s rise, while gold has cracked $1800 as it aims its sights on the September 2011 high. Global markets have been struggling for traction since the Fed’s balance sheet started shrinking modestly in mid-June amid rising concern that it will take a longer time for the broader economy to recover. That said, the Nasdaq looks positive after notching up another intraday record high yesterday, as the narrow market breadth continues to be led ... (full story)

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  • Category: Fundamental Analysis