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May 20, 2012

Panic and Disdain

The dollar's winning streak is finally over. The 14-session run was the longest in the dollar's history, easily eclipsing the previous record of 11 sessions set 37 years ago. Friday's action saw the DX reverse hard off a new cycle high, so the index has actually managed to either post a daily gain or set a new cycle high in 15 straight sessions. However ...

 

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