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Maxrefers Daily Forex Market Commentary
Forex Market Commentary for December 6, 2006
MAXR Daily Forex Market Commentary The heavily oversold dollar continued to struggle for direction on Tuesday and followed divergent paths. It recovered against the pound, treaded water versus the euro and slipped aganst the yen and the franc. The short-term charts still suggest that the dollar should bounce on short covering, while the medium-term outlook remains negative. But the lack of common direction suggests that crosses will lead the way, with the pound at the losing end.
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