Forex Weekly Outlook May 9-13

From forexcrunch.com

The US dollar had an impressive Turnaround Tuesday and its strength was seen hence forward. A rate decision in the UK, GDP from German and a focus on the US consumer stand out. These are the main events on Forex calendar. Here is an outlook on the market movers for this week. TheU.S. monthly employment report showed a lower than expected job gain of 160,000 in April but the solid rise in wages, at 2.5%, was where the focus of markets was eventually. While a rate hike in June remains a remote option for the Fed, the data was good enough to support the US dollar, which has finally begun receiving some love after ... (full story)