US Dollar FX trader
(Action Economics) - 17-Feb-12 20:38 - Hopes that the Greek solution would be settled as soon as Monday helped risk appetite on Friday, allowing the euro to rise, and the dollar overall, to remain on a softer footing.
Monday's North American holidays result ed in light trade for much of the day, as positions were pared down early in anticipation of Monday's Eurogroup meeting.
On the Calendar, CPI data came in as expected, ans was largely overlooked.
Leading indicators were a tenth light of forecasts, though again, had little market impact.
Next week could be watershed for the dollar, depending on how the Greek crisis turns out.
With many in the market talking more about heightened default risks, the euro could be at a cross roads in the coming days.
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