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Week ahead – Can nonfarm payrolls halt the US dollar’s descent?

From xm.com

It’s a huge week ahead, with the Reserve Bank of Australia and the Bank of England both announcing their rate decisions ahead of the all-important US employment data. For markets, the burning question is whether a decent payrolls report will be enough to halt the dollar’s relentless slide. The other variable that will impact most charts through the risk sentiment channel is whether Congress will reach a compromise on the new rescue package, and if so, how much they will deliver. ‘King dollar’ has fallen from grace lately as a combination of concerns around the US recovery, expectations for more action by the Fed, ... (full story)

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  • Category: Fundamental Analysis