Another week of FX madness

We’re back for another week of FX madness.

Last Friday we saw a little bit of a mixed session for the dollar, but looks like we may find a direction this week with the FOMC coming in.

Euro fell as low as 1.3020 and then pushed back up during the U.S trading to 1.3140/60.

Yen was quiet and range-bound, but we may find some movement after Kan meets Obama on the 23^rd.

Sterling ran all the way up to 1.5730 clearing all the stops.

Aussie pulled back Friday night after not being able to take out the barrier at 0.9475.

Data today

US NAHB Housing Market Index – 2pm GMT