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Oil Prices Drop and US Dollar Rallies against Euro - What's Next?

Discussion in 'Technical Analysis' started by ActionForex.com, Sep 23, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The November NYMEX Crude Oil contract has fallen $2.70, while the US dollar has staged a short-term comeback against the Euro and Japanese Yen - underlining the currency's strong relationship to oil and other commodity prices. In fact, the year-long correlation between the Euro/US Dollar exchange rate and crude oil...

    complete article here...

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