El Rhazi Ibrahim de Forbes Real Time.
The euro slid against the dollar on Monday following the release of disconcerting eurozone economic data. Alas, it’s only the start of a data-intensive week, one that is anchored by the forthcoming European Central Bank (ECB) Governing Council meeting on Thursday, and the release of the U.S. nonfarm payrolls (NFP) report on Friday. All along, this forex market has sought sustainable volatility, not just this intraday "hit and miss" that investors have been conforming to for the first half of 2014. Now the moment may be at hand as this week has the potential to set the tone for the remaining quarters.
The euro slid against the dollar on Monday following the release of disconcerting eurozone economic data. Alas, it’s only the start of a data-intensive week, one that is anchored by the forthcoming European Central Bank (ECB) Governing Council meeting on Thursday, and the release of the U.S. nonfarm payrolls (NFP) report on Friday. All along, this forex market has sought sustainable volatility, not just this intraday "hit and miss" that investors have been conforming to for the first half of 2014. Now the moment may be at hand as this week has the potential to set the tone for the remaining quarters.
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