Dominate Your Market
by Jim Wyckoff
The value of the U.S. dollar on the foreign exchange market continues to depreciate. The U.S. dollar index (a basket of six major currencies weighted against the greenback) dropped to a 2.5-year low this week. There are no early clues the USDX is close to a market bottom. Trends in the currency markets tend to be stronger and longer-lasting than trends in other markets. Stay tuned!– Jim
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