Re: Predict the direction of the Dollar thread
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Lets hear some opinions for the next week and month. Use the DXY or your favorite pair.
EUR/USD. I think the dollar bottoms out next week after the coming rate cut, especially if we get 50 rather than 25. I'd say 1.45 might be a good spot to try and catch a major reversal in the dollar.
Thoughts?
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i think this would be a far better bet vs. the pound. germany remains a powerhouse.
britain, on the other hand, is fairly fragile at this point and after the next rate cut (as i mentioned in the other thread), i'd look to short the GBP/USD pair.
fundamentally it is a much better bet.
Barron
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