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RE: US Dollar: Where next ?

in #vincentb7 years ago

Update on 26-Mar-18: The $USD found it difficult to move above the 50dMA resistance and has fallen to 89. This is not surprising based on the news from China today about the replacement of the Petrodollar with the Yuan. The next target is likely to be around 80 which is a major development for the USD reserve currency. If 80 does not hold, then USD could be toast. This development looks very positive for the precious metals though.

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