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Forex Weekly Outlook: May 29 – Jun 2nd 2017
The US dollar managed to recover in the last full week of May. As the page turns into June, we have a buildup to the Non-Farm Payrolls, consumer confidence, and the Fed's favorite inflation figure. Here are the highlights for the upcoming week. A relatively quiet week on the political front in the US allowed the greenback to correct. The meeting minutes from the Fed left the door open to a June hike but did not provide a smoking gun. The upgrade in US GDP to 1.2% in Q1 was welcome news for the greenback. A comment by Merkel about a weak euro temporarily lifted the common currency. The UK suffered a deadly terror ... (full story)
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