Weak US Data May Not Put USD On Back Foot

Forex News While the market expects soft data out of the US this week, this won't necessarily put the USD on the back foot, with dismal data releases expected from the euro zone and the UK too, says Calyon. The possibility of "another hike (from the ECB) will provide little EUR solace to a market being buffeted by a series of negative signals on growth," the bank says. EUR/USD now trades at 1.5883, while GBP/USD is at 1.9963.