Mid-Day Forex Technical Report - Dollar Rally Limited by Oil Rebound |
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Action Insight Mid-Day Report Dollar Rally Limited by Oil Rebound Dollar surged across the board earlier today after disappointing data from Eurozone. However, such strength was short lived as the greenback is back under pressure following oil's rebound from $112 level to above $117 level. Hurricane Gustav, which happens to be headed into Gulf of Mexico is threatening oil infrastructure. Economic data from US are generally slightly above expectation. Conference board consumer confidence
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