Tuesday, April 13, 2010

US Dollar's Strength is Waning: Charts

The U.S. dollar's strength appears to be waning as the focus turns from Europe's debt worries to China's possible appreciation of its currency, Chris Zwermann, global strategist and technical analyst at Zwermann Financial said Tuesday.

"If China starts to devaluate the dollar, to upgrade the yuan, we might see even a further weakness on the U.S. dollar worldwide, which means also against the euro," Zwermann said. Read more

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