USD Suppressed As Data Keeps Disappointing

From globalprime.com.au

The story making the headlines in the currency market is the follow-through weakness in the US Dollar, exacerbated by yet another round of poor US economic data, this time the goods orders series was the culprit behind the sell-off last Friday. Movements in the Forex market are expected to come to a halt for most of the day with the two financial centers injecting the most currency vol closed due to public holidays this Monday. The rest of the currencies, with the exception of the Sterling, attracted tepid flows. Remember, most of the gains seen in majors is a function of the USD weakness we are seeing across the ... (full story)