The US dollar ended the past week down versus most of the major currencies as a surge in risk appetite weighed on low-yielders, including the Swiss franc and Japanese yen.
The Event risk for US dollar Japanese yen, euro, and British pound and an Australian dollar will pick up at a gradual pace throughout the week amidst testimony by Fed Chairman Bernanke. UK and Australian employment reports. US retail sales, and an expected record drop in Euro-zone GDP.
The employment losses have deepened considerably in recent months and revisions to previously published data suggest that total job losses for this recession will now top 6.5 million Nonfarm employments plunged by 598,000 jobs in January and the unemployment rate rose 0.4%points to 7.6%.
Disclaimer: All data provided in this document are obtained from resources that we believe are reliable. And they are provided to inform traders about markets and help them make better decisions. Therefore, FXCBS Fienex Group LLC does not hold any responsibility for mistakes that could occur in these data, or any financial impact of using these data in trading.
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