The dollar was unable to strengthen back through resistance at 1.2940 and the US currency weakened to a low of 1.3120. Movement was generally limited ahead of the key events over the forthcoming week and the dollar strengthened back to 1.3040 in New York on Friday. The markets have been focused on exchange rate policy for much of the week and the global policies will remain a very important factor over the next week ahead of the G7 meetings. European and US officials will continue to push for stronger Asian currencies. If there is any movement, the Euro would be unlikely to weaken strongly against the dollar and ... (full story)