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Dollar Slips, while Bond Market Rally Continues

From marctomarket.com

The dollar is trading a little below levels seen in late North American session yesterday, but that is after it initially extended its gains in Asia. The news stream is light, and unlike yesterday, there is no US economic data outside of the MBA's mortgage application report. Despite the minor dollar setback today, the uptrend remains intact. There still is a strong bias toward buying dollar dips. The euro has not been able to move back into last week's ranges. At the end of last week, it made a low of $1.3221, according to Bloomberg. Sterling broke below $1.66 on August 21 and attempts to resurface it have been ... (full story)

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