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Forex pairs in this Article » EUR/USD
FXstreet.com (Barcelona) - HSBC Strategist David Bloom notes that the USD is in the midst of a powerful rally, slightly obscured by the USD’s lacklustre performance against the EUR.

He feels that an excessive fixation on EUR/USD as the bellwether of USD fortunes is misleading. In reality, the USD is gaining against nearly all world currencies. Further, he believes that this USD bull move is the combination of currency wars, tapering, a china slowdown, and the competitive advantage the US may have due to shale gas. He writes, “The resilience of the EUR to the wider USD rally is a rare disturbance in the force. As the USD rally picks up steam it will eventually rally against the EUR. Once this final piece of the puzzle is in place, the picture of the USD bull run will truly come into focus.”
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