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Bob Thompson of Raymond James in Vancouver sits in for Eric this week as we discuss Friday's US jobs report, the upcoming FOMC meeting and the impact on gold, silver and the mining shares.
With the greenback suffering from dismal first quarter growth data, Delphine Strauss, currencies correspondent, asks Peter Kinsella, strategist at Commerzbank, whether dollar bulls can expect any relief from Friday's US jobs data; how to explain the persistent slump in volatility; and whether M&A announcements should affect exchange rates. See acast.com/privacy for privacy and opt-out information.
We've witnessed some calmer times for markets in recent days, but the euro still remains under pressure. It's been a quieter start to the week thanks to the US Memorial Day holiday but stock markets still seem to be making a tentative recovery, bolstered by polls showing that a pro-austerity result in the June Greek election is a possibility. Some cautious trading is likely in the days ahead of the week's main event, Friday's US non-farm payrolls.
The FTSE ends the week finally managing to break its worst losing streak since 2003, but once again the European debt crisis looks set to dominate much of next week before Friday's US unemployment data.