The US Dollar extended gains to begin the trading week as stocks pushed higher as China’s manufacturing sector expanded for the second consecutive month in April, fueling speculation that a rebound for the East Asian will help stabilize global economic growth. The week ahead poses substantial event risk however, with a key speech by Federal Reserve chief Ben Bernanke followed by the release of stress test results for US banks and capped by the always-important Non Farm Payrolls report. Will risky assets continue to hold up, or will the greenback reassert its dominance as investors seek safety once again? Our DailyFX team weighs and offers their top strategies for the week ahead.
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