USD could weaken ahead in the week – Danske Bank

FXStreet (Edinburgh) - Senior Analyst at Danske Bank Pernille Henneberg sees the greenback losing ground in response to weaker results in the US docket.

Key Quotes

“This week, we will have a string of important US data starting with PCE core, personal spending and ISM Manufacturing today and ending with non-farm payrolls on Friday”.

“We expect the US data to be either in line with consensus or slightly weaker, which could weaken the USD further particularly against the EUR and JPY”.