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http://uk.reuters.com/article/2012/05/06/us-france-election-projections-idUSBRE8450AR20120506
While we don’t expect much from the U.S., we have plenty of economic data from China. Trade, inflation, industrial production and retail sales reports are all scheduled for release. Based on the latest PMI reports, China is undergoing a soft landing. As long as this remains the case, it poses no major threat to global growth.
http://www.fx360.com/commentary/kathy/7526/fx-whats-the-chance-for-losses-next-wk.aspx
First and foremost, the currency fell victim to risk aversion, giving up all of its initial post NFP gains once the U.S. stock market opened. Secondly, the ECB’s attempt to brush off any speculation of a rate cut left investors wondering how much longer the central bank can keep an optimistic front with economic data deteriorating.
http://www.fx360.com/commentary/kathy/7526/fx-whats-the-chance-for-losses-next-wk.aspx