Currency Positioning and Technical Outlook: Downside Risk for the Dollar?

The US dollar lost ground against all the major currencies over the past week. The yen (3.5%) and New Zealand dollar (2.0%) led the pack against the greenback. Canada, Australia and Norway were the laggards, the worst was flat and the best–up almost a percent. We had anticipated a better showi…

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Currency Positioning and Technical Outlook: Downside Risk for the Dollar?

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