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Message: Barron's technical review on dollar breaking down
Barron's
GETTING TECHNICAL
The Dollar is Weakening: Commodity Bulls Rejoice
The latest action on the charts confirms the U.S. dollar is in a new bear market. The yen charges higher.
Updated May 2, 2016 4:14 p.m. ET
There comes a time when bulls have nothing left but hope. That time is now for the U.S. dollar index, a key measure for the greenback, which has broken down below major support.
The dollar peaked in March of last year, and while bouncing around since that time has remained in a sideways pattern (see Chart 1). Whether we label it a...
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