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Currency outlook: Better dollar tone coming

Posted on 10 March 2014

The euro and Swiss franc rose to new highs since Q4 2011, while sterling moved to within half a cent of the best level since 2009 set in mid-February in recent days. The market was all rife with speculation of a breakout. However, our reading of the technical and fundamental condition suggests dollar bears tread carefully.
If the past week was about the lack of escalation in both Russia/Ukraine and China, coupled with the ECB holding pat, next week may see the pendulum swing back a bit. This could lend itself to more consolidative trading, which in the current context, may be somewhat supportive of the greenback………………………………………..Full Article: Source


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VRS - who has written 36905 posts on Opalesque Commodities Briefing.


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