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US Dollar Likely to Rally Further as Trader Sentiment at Extremes

US Dollar Likely to Rally Further as Trader Sentiment at Extremes

David Rodriguez, Head of Product

- US Dollar forecast to hit further highs versus Euro, British Pound, Australian Dollar

- Japanese Yen and New Zealand Dollar nonetheless may trade higher

- See full analysis below in individual currency sections

Receive the Weekly Speculative Sentiment Index report via PDF via David’s e-mail distribution list.

View individual currency sections:

EURUSD - Euro Forecast to Fall even Further versus US Dollar

GBPUSD - British Pound Likely to Depreciate through Near-Term Trading

USDJPY - Japanese Yen Could Claw Back Losses versus US Dollar

AUDUSD - Australian Dollar Remains a Sell until this Changes

NZDUSD - New Zealand Likely Set Important Low versus US Dollar

GBPJPY - British Pound Looks like a Sell versus Japanese Yen

Weekly Summary of Forex Trader Sentiment and Changes in Positioning

US Dollar Likely to Rally Further as Trader Sentiment at Extremes

The US Dollar continues to register highs versus the Euro and British Pound, and our trader data favors further USD gains against the majors until this changes.

See specific US Dollar forecasts in the sections above, and sign up for future e-mail updates via this author’s e-mail distribution list.

US Dollar Likely to Rally Further as Trader Sentiment at ExtremesUS Dollar Likely to Rally Further as Trader Sentiment at Extremes

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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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