The week ahead is less eventful than the week that just passed, which saw the anticipated hike by the ECB and the small cut by the PBOC. The Fed delivered the widely tipped hawkish hold and the US CPI continued to decelerate. The dollar fell against the G10 currencies last week but the yen. Sterling, and the Canadian dollar rose to new highs for the year, Momentum indicators are stretched. This coupled with risk-reward considerations suggest that the dollar could bounce in the coming days. The week ahead features the flash PMI readings and the Bank of England meeting (June 22) a day after its May CPI report. Norway's ... (full story)