Risk trends and volatility may have leveled off to close the week, but the period still marked the S&P 500's worst start to a year since 2008 and uncertainty continues to build.
The Dollar has advanced for four successive weeks and is working on a record-breaking seventh consecutive month of gains.
Between concerns over the stability of the Euro-Zone and speculation over what the European Central Bank might do next, the first week of the year may have laid the groundwork for a difficult 2015 for the Euro.
GBP/USD may struggle to hold above the 1.5000 handle in the week ahead should the fundamental developments coming out of the U.K. economy curb the Bank of England’s (BoE) scope to normalize monetary policy in 2015.
The Australian Dollar is likely to continue a recovery against its US counterpart as economic news-flow drives a shift in the near-term monetary policy outlook.
Gold prices snapped a three-week losing streak this week with the precious metal rallying 2.51% to trade at $1218 ahead of the New York close on Friday.
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