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September 4, 2014

Dollar Frustrations

At this point I can only shake my head in frustration over a magnificent dollar rally. Not only did I anticipate this move months ago based on the expectation for a 3-year cycle low, I foresaw the fundamental basis for the rally: a weakening European economy instigating a loosening of monetary policy across the pond. Today's nearly one-point rally by the DX came directly on the heels of ...

 

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