FOREX: Dollar - Expect Little from NFPs, Keep a Wary Eye on the S&P 500 and Talk of the QE2 Expiration

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FOREX: Dollar - Expect Little from NFPs, Keep a Wary Eye on the S&P 500 and Talk of the QE2 Expiration

The Dollar
suffered its worst weekly performance in a month. What initially looked
like a promising open to the period, quickly turned into a dramatic
decline for the struggling greenback as the few fundamental compliments
for the currency have failed to gain traction. Despite the potential
indirect benefit the Dollar could garner from
uncertainty surrounding Europe’s financial difficulties or
speculation ahead of the Fed’s cap on the second, $600 billion
quantitative easing (QE2) program next month; the FX crowd once again
deferred to risk appetite and the sparse return to be found from the benchmark currency
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FOREX: Dollar - Expect Little from NFPs, Keep a Wary Eye on the S&P 500 and Talk of the QE2 Expiration FapGIF2010-5

FOREX: Dollar - Expect Little from NFPs, Keep a Wary Eye on the S&P 500 and Talk of the QE2 Expiration FapGIF2010-5

READ MORE ABOUT IT

» Can the US Dollar Extend Gains? - DailyFX Tech Talk May 9, 2011
» FOREX: Dollar to Extend Gains as Risk Aversion Continues in European Trade
» FOREX: Dollar Stages a Late-Session Rally as Euro Trouble Compliments a Risk Reversal
» Canadian Dollar Reversal On Tap, New Zealand Dollar Continues To Search For Support
» Expiration of Futures Contracts

FOREX: Dollar - Expect Little from NFPs, Keep a Wary Eye on the S&P 500 and Talk of the QE2 Expiration

FOREX: Dollar - Expect Little from NFPs, Keep a Wary Eye on the S&P 500 and Talk of the QE2 Expiration

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