Forex: Bearish U.S. Dollar Sentiment Gathers Pace, Euro Breaks Narrow Range

The greenback weakened against all of its major counterparts

, with the USD/JPY tumbling to a fresh yearly low of 80.88, but the dollar is likely to face increased volatility going into the end of the week as the economic docket is expected to reinforce a mixed outlook for future growth. Producer prices in the world's largest economy is forecasted to increase at an annualized pace of 3.7% in September after rising 3.1% in the previous month, while the trade deficit is expected to widen to -$44.0B in August from -$42..8B in the month prior. However, market participants may turn a blind eye to the economic developments as they look towards the Fed's interest rate decision on November 3, and comments from the central bank are likely to play an increased role in dictating price action as investors weigh the prospects for future policy.

Forex: Bearish U.S. Dollar Sentiment Gathers Pace, Euro Breaks Narrow Range

By: DailyFX

POST COMMENT

Currency Trading Instruction - Why It Is Necessary Use Free Forex Charts to Create Stability in Your Forex Trading How Managed Forex Works The Importance of Currency Trading Information Finding the right introducing broker may be the most important Forex decision you make Forex Mastermind Blueprint Review Your Forex Trading System - The way in which To Choose One That Is not Going to Drive You Nuts The overall Best Forex Trading Order, Plus The overall Worst Mistake You Will Create! Your Forex Trading System - The way To Choose 1 That Is not Visiting Drive You Nuts The general Best Forex Trading Course of action, And The general Worst Mistake You Can Make! Your Forex Trading Route - The way in which To Pick At least one That Isn't Visiting Drive You Nuts The general Easiest Forex Trading Route, And The general Worst Mistake You Will Create! Your Forex Trading Route - How To Decide 1 Which Isn't Visiting Drive You Nuts