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08/01/2010 - The Dollar is on the ropes, again

Posted by FOREX.com's Weekly Strategy in July 30th 2010  
* The Dollar is on the ropes, again
* Sterling waits to see if H2 will be as difficult as feared
* ECB policy normalisation may provide additional near-term support for the EUR
* The RBA likely to pause in August but continued hikes likely in later months
* Key data and events to watch next week

The final week of July saw mixed price action among asset classes, as better than expected data from outside the US was mostly offset by weaker US data. US stocks finished slightly weaker while the MSCI world stock index gained some ground. The CRB commodity index continued to advance, but WTI crude and spot gold both suffered small losses. JPY-crosses, the primary FX risk barometer, finished out the week unchanged to slightly down. The one clear mover of the week was the USD, which lost ground against all other major currencies. The reasons for USD weakness were so manifold, the real question is not why did the buck weaken, but rather why did it only weaken relatively mildly? Full text »

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Filed under: Weekly Strategy