Investors banking on a bearish USD this week
The USD looks to continue its lack of spunk this week as the Fed is expected to re-express its patience with beginning interest rate increases due to not-so-great economic numbers in recent weeks. Traders are favoring the GBP, the CAD, and the JPY to outperform the USD once again this week.
Greece’s economic woes continue to cap the EUR
The EUR has strengthened in short spurts against rivals like the USD, but without sustainability. Investors are expecting the EUR to drop back down versus even the bearish USD as well as other major currencies this week due to continued worries regarding the Greece debt situation.