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Dollar Pauses as Market Awaits Another Wave of Crisis or Stimulus
After five-week rally, the US dollar finally closed in the red this past week. Yet, looking at the fundamentals behind this capitulation, we are looking at a shift to consolidation rather than an immediate reversal. To dramatically turn the tables on the greenback, we must shift the fundamental bearings on sentiment – and that is exceptionally difficult to do given the underlying trends before us.
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