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RBC is out with a new technical note on the US dollar, noting that it stands on the precipice of breaking a major trend.
There are three big factors weighing on the greenback: Higher commodity prices, unfavorable spreads, and rising equity markets.
Here's their big-picture look at the state of the dollar.
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Full story at http://feedproxy.google.com/~r/businessinsider/~3/vVOsvDEty_o/rbc-on-the-us-dollar-at-the-tipping-point-2011-3
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