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Saturday, December 19, 2009

Dollar BREAKOUT: Big rally continues

The US Dollar index has made a nice move higher since the end of November with a gain of about 5%.

The important part about this rally is that the index has broken the long-term downtrend that it had been in since early 2009. As shown below, the recent action in the Dollar looks a lot like the start of the rally that occurred in the second half of 2008.

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