-
Forex Weekly Outlook Feb. 2-7
Risk aversion gripped the markets and this gave a boost to the dollar and the yen. The critical ECB rate decision and the buildup to the Non-Farm Payrolls are the highlights in a week that also features rate decisions in the UK and Australia as well as employment figures from Canada and New Zealand. Here is our weekly outlook for this week. The Fed announced Taper 2, as expected. Together with strong GDP, the US dollar was on the rise, despite some other unimpressive numbers. In the euro-zone, fresh weakness in inflation numbers finally hit the euro, as the focus now turns to the ECB. Emerging markets' currencies ... (full story)