FXstreet.com (Barcelona) - This week will come complete of risk events for both currencies. From the fundamental perspective, dollar opens the week with a bullish overview, but difficult to determinate whether or not, appreciation will continue as most of this year, in the week Nonfarm Payrolls are expected to print 660K loses, while unemployment rate is expected to print 8.5%. The currency has been appreciating and depreciating between safe haven and reserve currency concepts. Investors has bought dollars due to the global recession, but next week G20 meeting and the idea of changing the dollar for another reserve currency, has temporally hit greenback; seems not quite likely that the world change dollar status, but till next week end, when the G20 meets in Britain, doubt will weigh on sentiment. Dollar will have to face also this week, other indicators like consumer confidence, ISM manufacturing, ISM services and construction spending, this looks to be a week that will give a very rounded and timely measure of economic activity.
Euro on its side, may fold under ECB rate decision and growing recession. Past week reports shown the whole European manufacturing and service sector activity remain close to record lows, while employment is also expected to rise. Thursday will bring rate decision along with G20 meeting, yet Euro won't be able to find benefits from any of these events.