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Home | US Dollar Vulnerable as S&P 500 Breaks Key Technical Hurdle |
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US Dollar Vulnerable as S&P 500 Breaks Key Technical Hurdle
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- June 22, 2011
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S&P 500 breaks out higher, hinting the US Dollar will remain under pressure as safe-haven demand for the benchmark currency evaporates over the near term. S&P 500 – The case for a near-term double bottom at 1257.30 was reinforced as prices took out support-turned-resistance at a falling trend line connecting major lows since early May. [...]This article (US Dollar Vulnerable as S&P 500 Breaks Key Technical Hurdle) was originally developed by and is property of American Banking News. Checkout American Banking News for up-to-date banking news and peer to peer lending news.
- Read more at:http://www.americanbankingnews.com/2011/06/22/us-dollar-vulnerable-as-sp-500-breaks-key-technical-hurdle/
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