The US dollar was on the retreat as hope for a super solution in Europe dominated the markets. Rate decisions in the US, the euro-zone and the UK and the Non-Farm Payrolls are the highlights of a very busy week. Here is an outlook on the main events to shape forex trading this week.
Mario Draghi, the president of the ECB said that his institution would do anything to preserve the euro in a speech made in London, raising hopes the ECB will resume its purchases of euro government bonds under the disputed Securities Market Program. Draghi’s sentiment was later echoed by leaders of Germany and France, raising the stakes for massive action to resolve the crisis – something that boosted all currencies against the dollar and the yen. Let’s start:
Read the rest of the article [B][I][URL="http://www.forexcrunch.com/forex-weekly-outlook-jul-30-aug-3/"]Forex Weekly Outlook Jul. 30-Aug 3[/URL][/I][/B]
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