February 2012
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Daily Outlook – Strong Chinese Data Prompts Relief Rally

Last week’s currency trading review The Dollar was on the backfoot for most of the week as stock markets staged an impressive rebound. Heavily overbought, the USD was ripe for profit taking and the market did so in a broad based fashion. April’s Trade Balance was -40.3bn vs. -40.8bn forecast and US Retail Sales Slumped [...]