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Forex Division
Report
by: Derek Frey
The Dollar continues to get hammered as we
edge closer to the next FOMC announcement.
We do expect them to cut by at least .50 and
.75 or even 1.00 is not out of the question.
The .50 cut is already priced into the
dollar but more than that and we will likely
see another leg down in the Dollar. On the
flip side though, after this next cut the
FOMC will have little room left to cut. So
we could finally begin to see the Dollar
stabilize on the back of this next.....
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