The Dollar finished last week with a mixed trend against the majors as investors ignore fundamental guidance, which puts pressure on the Dollar, in favor of waiting for the bigger picture to become clearer. Economic data and earnings for the past week were unpleasing, but as risk factors around the world grow, speculations on the currency’s trend grow as well. NASDAQ and Dow Jones rose by 1.05% and 0.99% respectively, crude oil declined by 0.48% closing at 78.84$ a barrel, Gold (XAU) declined by 0.48% as well, closing at 1188.85$ an ounce. Today, New Home Sales data is expected at 317K vs. 300K previous.
Join the Discussion