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Forex Weekly Outlook March 25-29
The euro was on the back foot due to the crisis in Cyprus, but this didn’t turn into a general “risk off” environment and the dollar retreated against most other currencies. Forex dynamics have clearly changed. Important events such as , Ben Bernanke’s speech, US Durable Goods Orders, Consumer confidence and more housing data are among the major market movers this week. Here is an outlook on the coming releases. The drama in Cyprus has dominated the news and is still evolving during the weekend. At the time of writing, the Cypriot parliament has passed a series of bills, apart from the delicate bank levy ... (full story)