The Trader 

Major currencies

The Trader

Not exactly in droves, but so far this year we’ve seen sizeable, across the board moves in the foreign exchange market. Technically, this is a secondary indicator, a basic tenet of Dow Theory, where moves in one market must be backed up by similar shifts in related instruments. Dow applied this to the Dow Industrial and Transport indices; we would look for eurozone bourses to move in ways that are mirrored around the single currency region. The US dollar’s value is the ultimate replicable measure.

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