It’s all about the Fed. The crying has stopped, while the bleeding has slowed somewhat, ahead of the FOMC meet next week. The EUR’s recent price action continues to beat the bears despite it’s own soft Euro-data. On Friday, the ‘mighty ‘ dollar has ended up aiding the 17-member single currency even further, pushing it to finish the week in technical bullish territory. The Reuters/University of Michigan consumer sentiment for June came in below expectations, and applied temporary weekending pressure on the dollar. With so many licking this week’s asset price destruction wounds, very few investors had any interest to ... (full story)