It was a volatile yet directionless period for the US dollar last week. With only a smattering of second tier economic indicators populating the docket, fundamental traders deferred to dramatic swings in commodity prices, mounting fears of a major bank collapse and ever-exigent and evolving interest rate expectations. However, these market themes were hardly fallback drivers as we have seen the US dollar push right back towards major resistance with traders on both the technical and fundamental side of the fence waiting for each of these pieces to fall into place before confidence in the greenbacks’ dominate trend is revived. No doubt, these market dynamics will play just as prolific a role in the week ahead as they have in the one that has just passed.
[B]$ Dollar Outlook Balanced Between Growth And Financial Markets
€[/B] [B]Euro: Will the Recovery Continue?[/B][B]¥ Japanese Yen: Forecast Depends On US Dollar Fundamental Data[/B][B]? British Pound’s Prospects Remain Weak[/B][B]? Will Renewed Risk Appetite Sink The Franc Further?
C$ Canadian Dollar Strength Relying On Oil And Growth[/B]
[B]AU$ Australian Dollar to Extend Losses Against US CounterpartNZ$ New Zealand Dollar to Resume Downward Momentum[/B]
