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US Dollar is Both Range-Bound and Trending
Our reading of the dollar's technical condition warned that the downside correction that had begun in late June had more room to run. However, after initial weakness at the start of the week, it trended higher until hours before the weekend, including setting new highs for the year against the Swiss franc. The main driver seems to be investor confidence that the divergence of policy and asymmetries in power, leaves the US in the best position to weather the kind of disruption to the global economy spurred in no small part by the US itself. The dollar appears to be range-bound against the euro, sterling, and ... (full story)
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They wanna push you off the path with their frequency wires