Weekly Forex Trading Forecast: Coming Days Key for Dollar, Forex Majors
A strong run of US economic data and a particularly positive November employment report wasn’t enough to lift the US Dollar as it fell against most major counterparts.
It was a sense of relief that rallied the euro this past week.
The Japanese Yen has been struggling of late, and even a midweek turn higher couldn’t last in the face of renewed optimism over the world’s largest economy’s labor market. What hope remains for the Japanese Yen amid an onslaught of economic developments abroad?
The Australian Dollar dipped to a three-month low last week.
Gold prices were softer on the week with the precious metal shedding 1.8% to trade at $1230 ahead of the New York close on Friday.
How does a Currency War affect your FX trading?
Written by the DailyFX Research Team. To sign up for a weekly e-mail with our currency outlooks, go to our page for forex news delivered to your inbox.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.