USDOLLAR Index Unconvincingly Attemps Breakout
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The USDOLLAR Index is breaking out to fresh yearly highs (not that impressive considering its only day seven of the trading year), eclipsing its 2015 high in the process (which is more meaningful of a development). However, the internals of the breakout move look suspect at best: the gains continue to be driven by AUD/USD and GBP/USD; today, it's just GBP/USD.
--- Written by Christopher Vecchio, Currency Strategist
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