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Beginning of the dollar pain trade?

From forexblog.oanda.com

The USD is opening this weeks account a good deal weaker. Asian and Euro-bourses have rebounded from their biggest selloff in nearly two-months amid speculation policy makers are intensifying their efforts to contain “the” debt crisis. For most of the weekend throughout Europe, the free press was reporting positive EUR actions. Yesterday, Germany’s finance minister suggested that the Euro-zone could rapidly implement changes to the Lisbon Treaty, allowing for significantly greater EC fiscal oversight of Euro area member countries. In theory, this would create a “Stability Union” before a deeper treaty change in the ... (full story)

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