Forex traders remain hesistant to sell the US dollar, but with event risk out of the US, Euro-zone, Japan and Australia looming in the next 24 hours, there is still potential for a decline in the greenback. View Forex in 60 Seconds for more...

·         US dollar consolidates following last week's signficant rally - how did US housing data fare?
·         Event risk will pick up in the next 24 hours - BOJ rate decision, RBA policy report, Euro-zone ZEW survey, US PPI

·          USD/CAD Forecast - Based on seasonality trends, the pair may be due to fall further.
·          Which releases could move the market this week? Check out the 5 economic indicators you should be watching.

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