Forex News

[at Reuters] - * Euro hits 3-wk high vs dlr but capped around $1.2920 * Risk currencies supported after U.S. payrolls data * Sterling falls on large flows in euro/sterling

[DailyFX] - A drop in forex market volatility expectations suggests that currency moves may slow in the week ahead, limiting optimism on volatility-friendly Breakout and Momentum strategies. Yet a continued slide in the safe-haven US Dollar shows few signs of slowing amidst a major improvement in financial market risk sentiment.

[at TheStreet.com] - The dollar is mixed against major currency rivals in quiet holiday trading and has given up much of its Friday gains against the yen.

[at MarketWatch] - The dollar consolidated versus major rivals in quiet trade Monday, as investor appetite for riskier assets remained buoyed by a stronger-than-expected round of U.S. labor data last week.

[at CNBC] - How much longer will Germany want or need to be a member of the euro zone is a question that s been increasingly asked since the start of this financial crisis.

[AP] - The euro is up against the dollar ahead of expected light trading as U.S. markets were closed for a national holiday. The 16-nation euro rose to $1.2900 in early Monday trading, up from $1.2882 late Friday in New York.

[DailyFX] - The US Dollar and Japanese Yen declined as risk appetite carried over from Friday’s trade pushed shares higher in Asian hours, sapping demand for the safety-linked currencies.