Though it is possible that the dollar is forming a double bottom, a more likely interpretation is that it will break below the recent lows, which will cause heavier selling.

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Both countries have signed a treaty for liberal interpretation of the identity requirements under their double taxation agreement, the ET reported.

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The NYSE Composite rallied back to its Starc- band on Thursday, and the bearish interpretation is that it is forming a double top.

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"The House interpretation leaves a loophole and the appearance of an ongoing double standard, " Brown said in the letter.

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