The traders expect mix data this week for the situation of U.S. economy.
The euro was trading at the levels above 1.56 against the euro on Friday close
while the yen boost close to 107. The latest forecasts predict that the bottom
in U.S. housing sector is not reached yen. The New Home Sales release this week
will show new consecutive fall. The high energy prices probably will raise the
spending together with the raising inflation. The U.S. economy remain in
downtrend said George Marshal forex analyzer in World-Signals.com. The dollar have
not the power to recovery while the euro is also hurt by the high energy
prices, raising inflation in the Euro Zone and the starting problems by the
high exchange rates.
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