Forex Weekly Forecasts 08.18.2008

The US Dollar could reverse gains as Bernanke speaks this week. The Euro will take its lead from ECB rate speculation. Yen price action to see risks remain high for carry-trade selloffs. British Pound forecasts remain bearish. The Canadian Dollar may secure a reversal with upcoming data. The Australian Dollar is headed for a yearly low. A quiet calendar may see the New Zealand Dollar correct higher. Will Switzerland slow fast enough to tame inflation?

$           US Dollar Could Reverse Gains As Bernanke Speaks Next Week
€           Euro To Take Its Lead From ECB Rate Speculation
¥           Japanese Yen: Risks Remain High For Carry-Trade Selloffs
₤           British Pound Forecasts Remain Bearish
₣           Will Switzerland Slow Fast Enough To Tame Inflation?
C$         Canadian Dollar May Secure Bullish Reversal With Data
AU$      Australian Dollar Headed For Yearly Low
NZ$      Quiet Calendar May See New Zealand Dollar Correct Higher

Written by dailyfx currency analysts

DailyFX.com