The Dollar’s Excellent Week |
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When economic fundamentals, central bank rate policy, and technical analysis align the currency market can experience the rare tsunami that struck the euro this past week. From Monday to Friday the euro lost 4.0% against the US dollar, 2.5% against the yen, and 1.7% against the British Pound. Almost all the losses against the dollar and the pound, (3.3% and 1.5%) and the entire decline versus the yen, occurred after Jean Claude Trichet the President of the European Central Bank (ECB) reordered
Filed under: Fundamental
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