The dollar is breaking out and as described before we have set an intermediate low for the dollar.
See previous article (April 19 2008)
Longer term, the dollar is a currency to avoid, but in the next year the dollar can rise substantially. A lot of people are betting against the dollar and when everyone bets in the same direction, the market reverses course.
Friday, August 8, 2008
The dollar is on the rise
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