FOREXYARD: Forex News Blog

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Market Review 5.6.12 Posted: 05 Jun 2012 12:56 AM PDT The euro continued its upward movement in overnight trading, eventually reaching a one-week high against the US dollar. Today, traders will want to pay attention to the results of the G7 meetings, as they are expected to focus on the euro-zone debt crisis. Any positive developments could help the euro extend its recent bullish trend. Main News for Today US ISM Non-Manufacturing PMI-14:00 • Following last week's disappointing Non-Farm Payrolls, investors will be watching this indicator closely • Should it come in below expectations, it may lead to fears that the Fed will initiate a new round of quantitative easing, which could cause the dollar to extend its recent losses. Read more forex news on our forex blog

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