FX Weekly: 30th May 2011
Crucial data week; the U.S will dominate market focus with ISM and employment readings foreshadowing a decision on QE and the deadlocked US fiscal budget
Swiss Franc posts further gains as strengthening fundamental position is further amplified by question marks over peripheral Europe and the US budget impasse
The U.S Fed is expected to wind down its extreme liquidity measures started back in 2009 as QE2 comes to an end but macroeconomic indicators such as GDP, unemployment and consumer spending remain very disappointing – key US data will clarify the Fed’s position
Swiss Franc posts further gains as strengthening fundamental position is further amplified by question marks over peripheral Europe and the US budget impasse
The U.S Fed is expected to wind down its extreme liquidity measures started back in 2009 as QE2 comes to an end but macroeconomic indicators such as GDP, unemployment and consumer spending remain very disappointing – key US data will clarify the Fed’s position
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