Dollar Dead Cat Bounce Finished?
The US dollar has been reacting very bullish to the death of Osama bin Laden, the figurehead of Al Qaeda. Short-term investors have shown a renewed interest in the US dollar (UUP) as near-term resistance and the 50-day moving average have broken to the upside. Word hasĀ spread that this has been a critical blow to the Al Qaeda network, but countries are preparing for retaliatory attacks.
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