Holding the title of ultimate safe haven can be a distinct advantage for a currency, but if the need for a harbor diminishes, so does the appetite for benchmark. That is the situation the dollar is facing at this particularly, inopportune time. Having just recently made a critical break above a 16-month range high the greenback needs to upgrade its fundamental drive to complete a transition to a true bull trend. That is nearly impossible during a market holiday which drains the market, but what should we expect in the week ahead?
DailyFX, the free news and research website of leading forex and CFD broker, FXCM, delivers up-to-date analysis of the fundamental and technical influences driving the currency and commodity markets. www.DailyFX.com Risk Disclaimer: http://www.dailyfx.com/page/risk_warning.html
