The dollar threatens its first major retracement in a month as crude prices surge and difficulties at Lehman sparks risk fears.
· European growth and Canadian inflation data gets the majors moving, but the dollar carries the day. · A jump in risk aversion following troubles with Lehman capital raising should make for an interesting Bernanke speech tomorrow.
Stories to watch on DailyFX
· Retail positioning points to a deeper dollar pullback before the majors refind direction. · Prepare your trading plans for next week by positioning around event risk scheduled on the DailyFX Calendar. Send any comments or questions to jkicklighter@dailyfx.com.