Source: ForexYard
The euro continued its upward movement in overnight trading, eventually reaching a one-week high against the US dollar. Today, traders will want to pay attention to the results of the G7 meetings, as they are expected to focus on the euro-zone debt crisis. Any positive developments could help the euro extend its recent bullish trend.
Main News for Today
US ISM Non-Manufacturing PMI-14:00
• Following last week’s disappointing Non-Farm Payrolls, investors will be watching this indicator closely
• Should it come in below expectations, it may lead to fears that the Fed will initiate a new round of quantitative easing, which could cause the dollar to extend its recent losses.
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