Dollar buckles

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Even though the effect has been the fascination in currencies like the Australian and New Zealand dollars, the dollar was weakened by worries over the US trade deficit. Since momentum players can pile in the dollar could weaken in the short term, however Euro purchasing appears unattractive at present levels. Additionally, It seems very dangerous to Purchase the dollar Though markets might want to challenge the 0.80 degree.

Analysis provided by http://www.fxtoday.co.uk