By Ilene
Just two weeks ago, the financial media was buzzing about the U.S. Dollar’s steep decline and surging prices in commodities and precious metals. Last week, the Dollar bounced, trading in a range from 74.4 to 75.8, over 4% higher than the lows visited earlier this month. From a technical perspective, we wrote on April 10, 2011, “The failure of the 76 level concerns us, but with Bernanke signaling his intention to end quantitative easing in June, we think the Dollar is ready to rebound, and we feel it is unlikely that the 72 level will fail to provide support.”…
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