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Technically - The Trend looks good for the $ at the moment, on the GBP 17000 looks much more likely than 19000.
The Buyings coming from the recent solid performance in the US stock and bond markets, which if it continues should continue to boost the $.
Oils come off the boil, which also helps. Iraqs not that big of an issue as compared with say the effect of new demand from China and India.
And on top of all that we have a policy of rising interest rates, which will probably continue to 2%, though that does not necessarily mean the long bonds will tank.
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