The US dollar managed to erase most of its losses at the end of a busy week, that saw rising worries from all the world. US retail sales, German ZEW Economic Sentiment and US Unemployment Claims are the highlight of this week. Here is an outlook on the main events ahead.
China’s growth in Q1 was disappointing: the world’s No. 2 economy saw a rate of only 8.1%, worse than official and unofficial expectations. Lower Chinese demand weighs on Europe. In Europe, Spain sees yields moving to dangerous levels as budget challenges with the regions and EU inspectors arrive. A worrying rise in US jobless claims caused concern over the labor market stability with a climb to 380,000, higher than levels seen recently. QE3 is not totally off the table.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/forex-weekly-outlook-april-16-20/"]Forex Weekly Outlook April 16-20[/URL][/I][/B]
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