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Were Non Farm Payrolls an early holiday present for dollar bulls? Was it a classic case of the opposition between rumor and fact? Or have the markets given a sign that the economic illogic of the past months is coming to an end? Whatever the reason for the dollar rally, the question is did the payrolls occasion price reversals in three important markets, currencies, gold and Treasuries, or was the entire event just an excellent opportunity for some seasonal profit taking?
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