Focus Turns to RBA, BoJ and BoE It was another disappointing week for dollar bulls with the disappointment from non-farm payroll report. However, it wasn't exactly the best kind of week for dollar bear neither. Weakness in the greenback was relatively limited after job report announcement, except versus Canadian dollar. Major dollars were indeed stuck in familiar range and the greenback closed the week just mildly down. Also, sterling was the weakest one over the week, registering losses against all other major currencies. The near term outlook in forex markets remain generally neutral in the early part of this week and we'll wait to see how traders make up their mind. Meanwhile, in other markets, stocks staged an impressive rebound on Friday which means that recent consolidations are going to continue. Gold rebounded too but stayed in recently established range. Crude oil also struggled to find the needed momentum for breakout. Full Report Here... |
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