The dollar suffered mostly against the euro and its convenient sub |
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The dollar suffered mostly against the euro and its convenient sub, the franc, but made little progress versus the yen and pound. Today will be a very difficult day, which would suggest at face value more dollar weakness. But both the 25-bp rate hike by the ECB and a weak non-farm payrolls are priced in, and we are facing a short trading day before the Independence Day holiday. Bon chance! Euro/dollar The euro/dollar rallied to a 2 ½-month high on Wednesday, ahead of the expected European
Filed under: Technical
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