Cruising in Quiet Waters |
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Still consolidating its higher levels, the Greenback now is trade-ranging the majors in well-defined upper and lower limits - just about 150 basis points wide, with only a very slight downward tone. If this is the call to a downward correction phase, then it is hardly being heard and thus comes as a boon to the dollar bulls. What could destroy that picture? Commodity and oil prices, seemingly starting an upward correction phase after their steep fall from the highs. So far, however, the U.S.
Filed under: Technical
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