US dollar closed on the lows
No one stepped up to but the US dollar on Friday, it closed on the lows of very close against the euro, Australian dollar and the Canadian dollar. Sterling wasn't far away.
The market -- generally -- still likes the US dollar but a close on the weekly lows is a technical signal you can't ignore. Add in the breakouts against the pound, CAD and Aussie, and you have a recipe for a brutal week ahead.
What's even worse is that there is no top-tier data on the calendar to give USD a hand; and the Fed is in the communication blackout.
