Forex traders remain hesistant to sell the US dollar, but with event risk out of the US, Euro-zone, Japan and Australia looming in the next 24 hours, there is still potential for a decline in the greenback. View Forex in 60 Seconds for more...
· US dollar consolidates following last week's signficant rally - how did US housing data fare?
· Event risk will pick up in the next 24 hours - BOJ rate decision, RBA policy report, Euro-zone ZEW survey, US PPI
Stories to watch on DailyFX
· USD/CAD Forecast - Based on seasonality trends, the pair may be due to fall further.
· Which releases could move the market this week? Check out the 5 economic indicators you should be watching.
Send any comments or questions to tbelkas@dailyfx.com.
