If the employment data are weak, the dollar could fall as it raises the odds that the Federal Reserve introduces a new round of bond-buying sooner than the market is expecting. This would effectively pump more dollars into the market, ...
Finally, the top channel trendline on the daily at the 1.3252 is also approaching. With the days range for the EURUSD above the average range, I would expect that traders might look to take some profit against these levels before the weekend.
Maybe the haircut will get them over the hump and they can fund addtional payments through positive cash flow and austerity measures, but if they can not, I do not think tapping the debt market will be an option. The situation is still vague but the ...
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