Dollar Still Under Pressure against the Majors |
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With oil prices still surging upwards (NYMEX June crude currently at 126.45) and weak economic reports last week from the U.S., the dollar continues its slow decent against the other major currencies. The important reports this week come from Europe with the German ZEW survey due out on Tuesday and the IFO report on Wednesday. While these reports have supported the Euro in recent weeks, we feel expectations are too high and that this time, they may disappoint traders. For today's trading we do
Filed under: Technical
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