Currency Markets Brace for Event Risk-Laden Week
Currency traders are on edge ahead of a series of event risks that could trigger renewed volatility in foreign exchange markets. The dollar is inching lower after last week brought confirmation of a weakening in retail sales, along with an unexpected increase in jobless claims during the June non-farm payrolls survey period. Recent data has shown clear evidence of slowing momentum in the US economy, but the greenback has continued to win the “cleanest dirty shirt” contest, emerging largely unscathed as other major currencies have come under selling pressure. Friday’s ‘triple witching’ session left the major equity indices unharmed, but...