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FOREX-Euro supported after solid debt sales; yen dips

FOREX-Euro supported after solid debt sales; yen dips

Dollar Index Breaks Longest String of Weekly Losses Since 2004 on Economy

The Dollar Index broke its longest string of weekly losses since 2004 as speculation the economic recovery is faltering spurred demand for the currency’s safety.

Your Source for Daily FOREX Market News and Analysis

Investor optimism has clearly deteriorated this past week. However, we are still at the point in the speculative transition where the markets can revive trend or lead to a new trend.