Currency Positioning and Technical Outlook: Dollar Firm, but Look for Near-Term Pullback

With the help of the unexpected ECB rate cut and better than expected US economic data, the US dollar showed the kind of strength the technical reading suggested was likely last week. However, the market appears to have run ahead of itself and the immediate risk is for a setback in the dollar. T…

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Currency Positioning and Technical Outlook: Dollar Firm, but Look for Near-Term Pullback

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