What do you think is the reason for the dollar weakness last Friday?
It's the QE3 rumors, of course. We all know what happened the last time Big Ben announced QE2.
I bet it's just profit-taking. Traders are just too jumpy to trade a choppy environment.
It's probably all three. The move was really strong, after all.
Just like the last two weeks, good news from the euro zone did the trick.
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