Dollar Index ended June with 1.3% decline - BBH
|Dollar Index slumped 1.6% in the last week of June, offsetting the minor gains it had recorded earlier in the month.
Key Quotes
“The 1.3% decline for the month is the fourth consecutive losing month since the December 2010-April 2011 period. The 4.7% loss in Q2 is the largest since Q3 10. Although it is below its lower Bollinger Band (95.73), the other technical indicators are not over-extended, nor showing divergences. The next target is near 94.30. Below there, chart support ahead of last year's low a little below 92.00 is sparse.”
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