U.S. Dollar Forecast - US Dollar Will Make Breakout Bid as Market Uses NFPs to Gauge Taper
The past week was one of consolidation for both market conditions and price action for the US Dollar.
The bullish sentiment surrounding the British Pound may gather pace in December should the Bank of England (BoE) continue to show a greater willingness to implement its exit strategy ahead of schedule.
Gold nudged higher this week with the precious metal advancing 0.66% to trade at $1251 ahead of the New York close on Friday.
The Australian Dollar remained under pressure last week, dropping to the lowest level in three months against its US namesake.
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Written by the DailyFX Research Team. To sign up for a weekly e-mail with our currency outlooks, go to our page for forex news delivered to your inbox.
- Australia International News