The US Dollar finds itself torn between lingering Eurozone debt crisis fears and the possibility of additional QE3 clues as Ben Bernanke testifies in Congress.
The worldrsquo;s largest economy is expected to add another 145K jobs in January, and the ongoing improvement in the labor market may prop up the U.S. dollar as it dampens speculation for additional monetary support.br/
While we continue to classify the gains in currencies against the US Dollar as corrective, there is still a room for a little more upside in these markets before the US Dollar returnshellip;
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The US Dollar has dropped in 10 out of the past 13 sessions. By anyonersquo;s standard that is a clear bear trend. Yet, we are still finding a lack of conviction in risk appetite trends.