After last week's surprising bullishness against the EUR, the USD may be positioned to rise back up to price levels not seen since November. Ending last week at 1.2811 against the EUR, the greenback broke through a number of significant price barriers and continues to hold ground. However, the USD did not gain strength against every major currency. Against the British Pound the Dollar actually weakened to 1.4484 down from the 1.3660 seen at the start of the week.
With the week starting with troublesome news about Obama's stimulus package pot... ( read more )
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