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Forex in 60 Seconds - Dollar Ends Its Biggest 2 Day Rally Since 2005, Retail Sales Promises Volatility

Wednesday, 11 June 2008 21:26:31 GMT

Written by John Kicklighter, Currency Analyst

 
 ·          Fed Beige book offers weak growth reading, though inflation targeting raise speculation of a June rate hike.
 ·          Australian and US dollars looking for volatility in top market-moving employment and spending indicators.

Stories to watch on DailyFX

·          What are Fed policy makers saying to raise expectations of rate hikes after such an aggressive series of cuts?
·          What will move the markets this week? Find out the Top 5 Most Important Events. Next up: US Retail Sales.

We welcome feedback! Send your comments or suggestions to jkicklighter@dailyfx.com

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