The US dollar had a blockbuster week, breaking ground against all currencies apart from from the other safe haven: the yen, as euro-zone issues became more severe. In addition to the ongoing troubles in the euro-zone, US housing data, Japan’s rate decision and US unemployment claims are the major events on out list this week. Here is an outlook on the main market-movers.
Greece is facing new elections in June. Even if a pro-bailout government is elected, the situation there looks bad and talks of a bank run could be a self fulfilling prophecy. The situation in Greece and in Spain has a huge impact on all the world. In the US, things remain OK, with jobless claims unchanged at 370,000 claims, although retail sales figures disappointed with a lower than anticipated increase. Worries about the Chinese economy rise again.
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/forex-weekly-outlook-may-21-25/"]Forex Weekly Outlook May 21-25[/URL][/I][/B]
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