Yen and Swissy take center stage in forex market

Last week's Fed announcement on Wednesday sent additional ripples through the currency market. The US dollar fell to decades' lows against many other major currencies including the Euro, Canadian dollar, the Australian dollar and the British pound. However, the Yen and Swiss franc were bolstered during the week. Interestingly, the strength in the swissy and yen cross currencies, helped the US dollar cross currency pairs recover a bit by week's end.

Additional economic news in the coming week may prove interesting for forex traders. With gold and oil continually reaching new highs, global pressure on the dollar should remain strong. Those wishing to profit from forex trading may particularly want to watch the swiss franc and yen over the coming month.

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