Dollar recovery set to continue

When everyone around you is a dollar bear, it may be time to reassess the dollar's fall. In hindsight, the plethora of press stories about the current account deficit and negative reports on the dollar in general may have given some clues that the move had become stretched over recent weeks.

Consequently, the dollar's bounce was impressive last week, with gains registered against most major currencies. There has been no change in the fundamentals leading this, however, with little sign of

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