An extremely choppy New York session in currency markets has seen EUR/USD bounce around in a 50-point range, making it difficult for those attempting to establish positions.
Currency strategist Todd Gordon writes the dollar recovery today was fueled by comments from the French Finance Minister indicating that further euro gains will not be tolerated, as well as gold trading lower.
Currency strategist Todd Gordon writes that dollar bearishness is approaching feverish levels. Considering the euro's failure below 1.3000, long dollar trades are looking better.
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