All Things Forex Trading Room: Could 2014 become the Year of the USD?

In the trading room today: Could 2014 become the Year of the USD? With the U.S. dollar starting the new trading year on a stronger footing, we explore what the future might hold for the U.S. economy and the direction of the Fed’s monetary policy, and ponder if 2014 could become the year of the greenback, we analyze the decline in the EUR/USD currency pair, we take a look at the price correction in the GBP/USD pair, we note yet another five-year high for the USD vs JPY, we highlight the market’s reaction to the Euro-zone and the U.K. Manufacturing PMI, the U.S. Jobless Claims and ISM Manufacturing Index, we discuss new forecasts from Credit Suisse and HSBC, and prepare for the trading session ahead.

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