Weekly Forex Highlights: Dollar's decline fueled by dismal US data
The greenback has been suffering big from poor macroeconomic releases, with yen’s strength adding to dollar’s bearish case. The EUR/USD pair can advance up to the critical 1.1460 region, but further gains seem unlikely as there’s no base for EUR’s strength. Pound temporal recovery will be challenged by upcoming employment data later this week. The JPY and the AUD are still the stronger currencies, poised to retest year highs and break beyond them
FXStreet Chief Analyst Valeria Bednarik explains her vision on the Forex market and she makes the forecast for the most important events for the week.
Weekly Show: Tuesday at 11:30 GMT; 7:30 ET.