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Focus Shifts from Risk Rally to the Fed, NFP

US Dollar Weekly Forecast: Neutral

  • Late USD surge to be tested this week
  • AUD/USD: Risk rally helps Aussie claw back recent losses
  • GBP/USD: Sterling recovers but upside resistance emerges
  • USD/JPY: Markets propel the pair towards 160.00 after BoJ meeting
  • Get your hands on the U.S. dollar Q2 outlook today for exclusive insights into key market catalysts that should be on every trader’s radar:

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Late US Dollar Surge to be Tested this Week

The coming week brings with it plenty of US-centered event risk. The week starts with the Treasury’s quarterly refunding announcement – detailing how the US government will fund itself. Then on Wednesday US growth concerns could build momentum if ISM manufacturing PMI data follows the S&P Global version by dipping into a contraction.

On Wednesday, the FOMC statement is due, with…

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