The US dollar and the Japanese yen continued and closed the month of May with huge gains as the European debt crisis escalated once again. Will central banks intervene and stop the avalanche?. A very busy week, especially with central banks is awaiting us. Ben Bernanke testifies and could hint about QE3, Rate decisions are scheduled in Canada, Australia, the UK and in the troubled euro-zone. Here is an outlook for the major events awaiting us this week.
Europe is not alone: China showed more signs of slowdown and the US will not save the world: Non-Farm Payrolls rose by only 69K and together with downwards revisions of previous data, a higher unemployment rate and slower growth in Q1, the US could be carried down rather than be the world’s economic locomotive. How will currencies react? Let’s start:
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/forex-weekly-outlook-june-4-8/"]Forex Weekly Outlook June 4-8[/URL][/I][/B]
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