The greenback had plenty to be woeful about on the opening of the new week as both current account and net foreign securities purchase reports painted a rather pessimistic picture.
In the daily currency technicals, the euro rally falters, the Japanese yen is at the upper end of its range, the British pound is testing lows, and the Swiss franc makes new highs.
Although industrial production figures disappointed the market over, figures were somewhat positive for the session, giving hope to many dollar enthusiasts that the imminent slowdown maybe softer than had been anticipated.
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