The US Dollar began the new week softer after the G7 Meeting in Istanbul offered no new news and left the translation open for dollar weakness. However, with many strong individual comments in support of the Dollar it may be difficult to be bearish on the buck. In essence, the combination of individual praise and conversely, the side eyed look of consternation could put the Dollar back into familiar grounds where it is sold in a risk rally and bought as risk aversion swoops in. Today saw the former. Full text »
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