Between 1st Jan 2004 and 17th April 2004 the dollar also rose by 5% against the euro (from .795 to .834) yet then fell by 12% to end the year at .733
This looks much more like a 'pause for breath on the way down' than a rally.
This looks much more like a 'pause for breath on the way down' than a rally.
looking at it that way, we could say that it is now rallying from the october - december drop.
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