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The US Dollar Report for the 16th of October 2024.
Our medium to longer term bearish stance on the Greenback is ongoing.
Further weakening is expected to reach our long-held target levels.
This is unlikely to be the move that perma- bears expect to “ dethrone the US Dollar” . It is more likely a bearish correction in a cyclical bull trend.
The general US Dollar bearish trend remains intact and the most probable medium term technical outcome.
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