{"id":35881,"date":"2013-07-14T13:30:12","date_gmt":"2013-07-14T17:30:12","guid":{"rendered":"http:\/\/countingpips.com\/?p=35881"},"modified":"2013-07-14T13:30:12","modified_gmt":"2013-07-14T17:30:12","slug":"forex-weekly-us-dollar-weakness-seen-last-week","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2013\/07\/14\/forex-weekly-us-dollar-weakness-seen-last-week\/","title":{"rendered":"Forex Fundamental Outlook: US Dollar down last week on Fed Minutes, Comments"},"content":{"rendered":"

By CountingPips.com<\/strong><\/p>\n

The US dollar lost ground against most of the major currencies last week as the FOMC minutes and some dovish comments from Fed Chairman Ben Bernanke on the latest Fed tapering talk and presumed inevitability of the ending of the US Federal Reserve’s QE program helped to cool off the USD bull run. The FOMC minutes showed that some \"\"members are looking to see better jobs numbers out of the US before agreeing to cut the stimulus. This rhetoric dashed market expectations for continued US dollar strength and perhaps, more importantly, coincided with the market leaning heavily in favor of the US dollar which experienced a sharp reversal. The dollar selloff ultimately benefitted the US stock markets as they raced to new highs.<\/p>\n

This week revolves around more comments from Fed Chairman Bernanke on Wednesday and Thursday as he speaks before both houses of US Congress. There are also other important events like the Chinese GDP report on Monday, the US consumer price index on Tuesday, Canadian interest rate decision on Wednesday and the eurozone G-20 finance ministers meeting on Friday.\u00a0 See more economic event highlights below.<\/p>\n

Highlights of Fundamental Economic Events Next Week<\/strong><\/p>\n

Monday, July 15<\/strong><\/p>\n

China — GDP report
\nChina — retail sales
\nChina — industry production
\nSwitzerland — producer and import prices
\nUnited States — advanced retail sales
\nCanada — existing home sales
\nNew Zealand — consumer price index<\/p>\n

Tuesday, July 16<\/strong><\/p>\n

Australia — RBA minutes
\nUnited Kingdom — consumer price index
\neuro zone — consumer price index
\neuro zone — Germany zew survey
\nUnited States — consumer price index<\/strong>
\nUnited States — treasury net TIC flows
\nJapan — BOJ meeting minutes<\/p>\n

Wednesday, July 17<\/strong><\/p>\n

Australia — Westpac leading index
\nUnited Kingdom — bank of England minutes
\nUnited Kingdom — jobless claims
\nCanada — interest rate decision<\/strong>
\nUnited States — housing starts\/building permits
\nUnited States — Fed Bernanke speech to US House<\/strong>
\nUnited States — Fed reserve beige book<\/p>\n

Thursday, July 18<\/strong><\/p>\n

United Kingdom — retail sales
\nUnited States — Fed Bernanke speech to the Senate<\/strong>
\nSwitzerland — trade balance
\nUnited States — weekly jobless claims
\nUnited States — leading indicators
\nUnited States — Philadelphia Federal Reserve report<\/p>\n

Friday, July 19<\/strong><\/p>\n

Euro zone — G-20 finance meeting
\nCanada — consumer price index
\nCanada — BOC inflation core<\/p>\n

 <\/p>\n

Written by Zac Storella, CountingPips Forex Blog & Currency Pair Research<\/a><\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By CountingPips.com The US dollar lost ground against most of the major currencies last week as the FOMC minutes and some dovish comments from Fed Chairman Ben Bernanke on the latest Fed tapering talk and presumed inevitability of the ending of the US Federal Reserve’s QE program helped to cool off the USD bull run. … <\/p>\n

Continue reading “Forex Fundamental Outlook: US Dollar down last week on Fed Minutes, Comments”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-35881","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/35881","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=35881"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/35881\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=35881"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=35881"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=35881"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}