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Trading Signals Forecast that the US Dollar Will Fall Against Euro, British Pound
Tuesday, 28 October 2008 17:49:40 GMT  |  David Rodriguez, Quantitative Analyst
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Our Forex Trading signals forecast that the US dollar will decline against the Euro, British Pound, Canadian Dollar, New Zealand Dollar, and Australian Dollar. In fact, the trading signals only predict that the US Dollar will gain against the similarly resurgent Japanese Yen. The confluence of individual strategies selling US Dollars and Japanese Yen suggests that we may see further USD and JPY weakness, sending the downtrodden EURUSD, GBPUSD, AUDUSD, and NZDUSD higher through near-term trading.

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Keep track of these US Dollar trading signals and others on our Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates, as our automated forex signals can and do change on a daily and intraday basis.

For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.

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