The US dollar made a strong run during the week, but the gains were undone towards the end. US housing data and unemployment claims are the highlight of this week. Here is an outlook on the major events shaping this week’s Forex trading.
The FOMC Statement contained no hints of QE3 and also notions of higher employment and inflation. This sent the dollar higher across the board, and broke correlations, although it didn’t last. It was later, a series of positive US figures reconfirmed a real recovery process in the US economy. All in all these are positive figures for the US economy. Will this upbeat trend continue? In Europe, the second bailout for Greece was finally approved by the Eurogroup and the IMF. This front will likely be quiet, but not for too long.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/forex-weekly-outlook-march-19-23/"]Forex Weekly Outlook March 19-23[/URL][/I][/B]
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