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The raging bull in US Dollar confirms its status as G-7 indicate they won''t sit by and watch the dollar continue to slide
Karen Zuba
Apr. 12, 2008

The nascent long-term bull market is now real. Quantitative and analytical indicators were pointing towards this new bull market in dollar for a long time. Every long-term bull market especially that in currencies need change in central bank policies to start its upward journey. The fundamentals changed finally decisively when world's major economic powers issued a warning to financial markets Friday that they won''t sit by and watch the dollar continue to slide against other big currencies.
The G7 provides a floor for the dollar. Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke and their counterparts from the Group of Seven nations said in a statement: "Since our last meeting, there have been at times sharp fluctuations in major currencies, and we are concerned about their possible implications for economic and financial stability."
Analytical models point to the fact that US dollar can rise 100% over the next three to five years. The dollar is at the base bottom at this stage. It is the right time to buy the Dollar index basket and sit on it for a long time.
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