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Will the Light News Week Facilitate Range Trading?

From marctomarket.com

Last week, we warned that dollar's downside correction to its two-month advance was not over. It slipped further against the euro, yen, and sterling, while it strengthened against the dollar-bloc currencies. The outlook remains mixed for the week ahead, making it difficult to discuss the dollar in general. The Dollar Index is heavily weighted toward the complex of European currencies. Two of the US main trading partners, China and Mexico, are not even included. Yet it frequently is used as a broad gauge of the greenback. The recent pullback saw it push through the 38.2% retracement of the rally (93.55) that began ... (full story)

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  • Category: Fundamental Analysis