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CNY - The Dollar: Stuck In Neutral Which Could Unglue Gold
Market Vectors Chinese Renminbi/USD ETN
The US dollar has been remarkably stable since making a high at 97.705 on the dollar index in mid-February. Since the week of December 10, the dollar index traded in a range from 94.635 to 97.665 and was at 96.115 on March 22 on the now active month June futures contract.
There are many reasons the US government would appreciate stability in the dollar these days, and the failure to break to a new high is likely chief among the Trump Administration's desires. A strong dollar puts the US back on its heels in negotiations