'Rupee' finally trudges down
Thursday, July 5, 2012
After its morning sickness act of twisted analysis riding the DXY Bull, the Euro finally asserted bear in India - Mumbai and the Rupee trudged lower to 54 levels
Rupee started from the top in a characteristic move on a down day for th eEuro / Dollar as the DXY moves back against the Euro's fall overnight. The first figure shows the traded tick and the second shows the overnight movement being ignored by pegging it to an
artificially high open at 9 AMLabels:





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