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Forex Weekly Outlook June 3-7
The US dollar has been on the back foot, mostly due to the stormy end of month corrections. Is it now ready to resume its big rally? Rate decisions in Australia, the UK and the Euro-zone, as well as buildup of key US figures culminating with the big Non-Farm Payrolls are on the top of our list this week, that start a new week. Here is an outlook on the major market movers coming out way. When will QE be tapered? There is a growing notion it will happen this year, but the timing is unclear due to mixed signals. US pending home sales increased 0.3% in April, below expectations. Also jobless claims rose unexpectedly and ... (full story)