Thursday August 18, 2005 - 13:26:22 GMT
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FX Today - www.fxtoday.co.uk
Can the dollar strengthen further?
The US jobless claims increased to 316,000, but this will not have a significant impact. The dollar is continuing to probe resistance levels against major currencies, including the Euro, Sterling and Australian dollar. On a very short term, view, there now looks to be the potential for a slight dollar correction weaker from, but there is likely to be fresh dollar buying interest on corrections back towards 1.2250 against the Euro.
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