- Forex: The USD rebound looks like it is running out of steam. Traders point out that the USD index made a daily close above the 200day MA at 74.21, but has so far failed to move above the June 13 trend high at 74.31. The EUR/USD gained on rumors of a major European investment bank recommending a tactical long position, citing the possibility of a relief rally or short squeeze prior to the ECB meeting later today. Rumors of trouble at a U.S. investment bank also weighed on the greenback. For ...
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