USD Daily News

Risk Aversion Leads to a Bullish Dollar

The US dollar saw gains virtually across the board to close out last week, following negative euro-zone news that caused investors to shift their funds to safe-haven assets like the greenback. The EUR/USD closed Friday's session at 1.3196, well below the two-month high of 1.3321 the pair reached on Thursday. Against the Japanese yen, the dollar largely maintained its upward momentum, and was able to close out the week at 77.61. Analysts attributed the USD/JPY's recent uptrend to positive employment data out of the US that has bolstered confidence in the economic recovery.

Turning to this week, traders will want to continue monitoring the situation in Greece for clues as to where the market is heading. Last week's news cast doubts on whether Greece will qualify for a second bailout package it needs to avoid defaulting on its debt. While analysts are still confident that a bailout will be secured, they are quick to warn that the euro is still in a very fragile position. The dollar may see further upward movement if any additional negative Greek news is released in the coming days.

Additionally, a batch of US economic indicators set to be released throughout the week may influence dollar pairs. Tuesday's Retail and Core Retail Sales figures, Wednesday's TIC Long-Term Purchases and Thursday's weekly Unemployment Claims will further illustrate the current state of the US economy. Positive news may benefit the USD against its main rivals, the EUR, GBP and JPY.

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Nuværende tid: 02/13 18:38 GMT

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#	Tidspunkt	$€£¥	Begivenhed	Per.	Forr.	Prog.	Fakt.	Vigt.
02/14
	13:30	USD	Core Retail Sales	m/m	-0.2%	-	-
	13:30	USD	Retail Sales	m/m	0.1%	-	-
	13:30	USD	Import Prices	m/m	-0.1%	-	-
	15:00	USD	Business Inventories	m/m	0.3%	-	-