"The dollar has no fundamental reason to be rallying. The reports and news out of the United States have not been favorable to the greenback, and the twin deficits in the U.S. continue to soar out of control. I mentioned that the recent moves of the dollar smacked of intervention, as the dollar only wanted to move in one direction, ignoring any data that would typically send it back down."
Central Bank Intervention is the Reason
Posted by StingingNettle 759 days ago (http://www.dailyreckoning.com)
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