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Archive for December, 2006

Trade or Fade: Weekly Analysis of Major Currencies

Greenback on Shaky GroundThe combination of a record high US current account deficit along with further signs of a weakening housing market triggered a dollar sell off early in the week with EUR/USD peaking at 1.3247. The current account balance ballooned to -$225.6 billion in Q3, which was slightly worse than the market expected and [...]