Negative NFP data would lend support to the view that current economic weakness is slowly making its way from Wall St. to Main St. via the labor market as the US consumer makes up 70 percent of the economy.

The US dollar has fallen to a record low against the Euro and there are a number of reasons why the weakness will continue.

Richard Lee offers a preview of what to expect for Friday’s market moving release.

Trichet’s bias has assured many that the central bank isn’t even considering reducing rates in the near-term. If the ECB maintains this stance this week, EUR/USD could surge above the record high of 1.53.

Are the Fed’s efforts really futile, we ask? Are they worse than nothing? Well, the answer depends on who you are. If you have been holding euros, instead of dollars, you might want to send the Fed a ‘thank you’ note.

Despite a stronger-than-expected service sector ISM report, the US dollar fell to an all-time low against the Euro while the Euro climbed to an all-time high against the British pound.

There are six central banks announcing interest rate decisions this week. In the currency market, it is not about what you have done but what you plan on doing in the future that matters.

We are only half way through the mortgage-reset storm. Expect more bad weather.

With US data reflecting eroding economic conditions and the financial markets still in turmoil, futures are increasingly pricing in a 75bp cut on March 18.

Derek Frey provides weekly market commentary on currencies for the week of March 3.