A broad rally for stocks today sent the Dow industrials to a 13-month high after the G-20 pledged to keep aid flowing to the world economy, strengthening investors’ desire for risk. Notice the recent breakout in Green.
In other news, while there was a drop last week in speculators’ bets against the dollar, selling the U.S. currency short, which has been prevalent since March, remains firmly in place for the foreseeable future, according to analysts and the latest data on speculative positions.
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