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7/11/13

Chart of the day is

...the US Dollar (USD) index:

You'll note that this morning's level is only a teeny tiny fraction below the price the world was paying for a United States dollar on the 1st of this month. Context is important, but so is sentiment of course and the dove droppings (ewww... can we say that?) of last night have sent a shudder through a lot of they-work-right-up-to-the-moment-they-don't autotrades.

Should be an interesting day at the races today.