Weekly review (08 – 12 June 2015): A poor week for the dollar

DF Markets: The US Dollar not doing so well

The US dollar suffered a poor week, depreciating against most major currencies. Wavering data coming from the US economy intensified speculations about a Fed rate hike in September, rather than in June – as was the talk until recently. The FOMC meeting on Wednesday will be awaited with great attention and focus by all market participants. The EUR/USD edged up 150 pips, the GBP/USD appreciated by 290 pips, the AUD/USD added 110 pips to its value, while the USD/JPY ended the week 224 pips down.

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