Last week, the pair continued its upside trend as the dollar took advantage of the safety demand amid the undergoing concerns from the euro area which overshadowed the improvement inU.S.fundamentals.
Although the non-farm payrolls showed higher-than-expected added jobs and drop in unemployment, the sentiment remained clouded with uncertainty beforeSpainandItalyauctions debt this week, especially after the decline in demand on German bonds and rise in French bond yield at auctions last week.
On Monday, as of 06:45 GMT, the Swiss economy will release the only data for the week which is unemployment for the month of Dec. followed by retail sales, specifically at 08:15 GMT, for the same month, while the United Stateslacks fundamentals.
The data is expected to affect the pair’s movement due to its high relevance, yet the pair will probably also be affected by the general sentiment which is focusing on the latest developments from the euro area.
This week, the main focus will be unemployment and retail sales data fromSwitzerlandwhile theU.S.will release retail, trade and confidence, as well as other data.
Originally posted here
