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February 17, 2010

Upside Surprises

The dollar threw us a curve today by recapturing all of yesterday's swoon. However, the action across all markets shows us that the DX rally was not so much about a strong dollar as a weak euro, which fell a healthy 1.6c in a single session. Well, maybe "healthy" isn't the most appropriate term, but you get the idea. In any case, how did stock and commodity markets react to the rally ...

 

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