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Hi everybody, welcome back! Dollar is benefiting together wit Japanese yen from profit taking and falling stocks, after the member of G8 plans to reverse stimulus, considering exit strategies, as some rebound signs appear in the world. With Japanese Yen appreciation limited, greenback could become over all winner in the next days, as the reserve currency status, that has been put in doubt many times in the past, remains the same. Despite rumours, and statements, dollar is still the mayor reserve across the world. Improvements in the U.S. economic conditions will be watched and reflected quicker, at least for me, in the currency markets. Let’s see if we find some key levels for today. Here is the link for today’s calendar:
http://www.fxstreet.com/fundamental/economic-calendar/
Have a great day!