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Showing posts with the label ADVFN Weekly Foreign Currency Review

ADVFN Weekly Foreign Currency Review

Weekly Market analysis The Euro-zone stresses and structural vulnerabilities will continue to be an extremely important focus. As well as serious underlying concerns surrounding the Greek outlook, the stresses in Spain and Italy are likely to have greater longer-term impact on the Euro’s prospects.  There will be further underlying defensive dollar demand, especially if growth prospects continue to deteriorate. There will also be pressure for more aggressive central bank policies which should help limit support for the US currency. Key events for the forthcoming week Date Time (GMT) Data release/event Wednesday June 27th 12.30 US durable goods orders Thursday June 28th +29th EU Economic Summit Dollar: The US economic releases have remained generally weaker with some notably sharp declines in regional PMI indices which will reinforce concerns surrounding the outlook.  Although the Federal Reserve resisted a