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Euro Strength more than Dollar Weakness
The Dollar Index is heavy, just above the lows set earlier this week set near 96.80. However, this exaggerates the dollar's weakness because the weight of the euro and currencies that shadow it, like the Swiss franc and Swedish krona. As the North American session is about to start, the dollar is higher against the dollar-bloc currencies and the Japanese yen. The Scandi's are flat and sterling is turning lower. That leaves the dollar weakness limited to the euro and Swiss franc. The euro reached a high earlier this week just shy of $1.1270. It has run out of steam today near $1.1250. Between $1.1175 and $1.1200, ... (full story)