The forex market was volatile last week, with the US dollar strengthening against most major currencies. The main driver of the dollar's strength was the release of strong US economic data. The euro was the biggest loser against the dollar, as investors worried about the impact of the war in Ukraine on the European economy. The Japanese yen was also under pressure, as investors bet that the BoJ will continue to pursue an ultra-loose monetary policy. The British pound was mixed, as investors awaited the release of key economic data. The Canadian dollar was also mixed, as investors weighed the impact of rising commodity prices against the risk of a slowdown in the global economy


The forex market was volatile last week, with the US dollar strengthening against most major currencies. The main driver of the dollar's strength was the release of strong US economic data, including the US Non-Farm Payrolls report, which showed that the US economy added 390,000 jobs in April. The strong data boosted expectations that the US Federal Reserve will continue to raise interest rates in an effort to combat inflation.

The euro was the biggest loser against the dollar last week, as investors worried about the impact of the war in Ukraine on the European economy. The war has caused energy prices to surge, which is hurting European businesses and consumers. The European Central Bank (ECB) has also been slow to raise interest rates, which has made the euro less attractive to investors.

The Japanese yen was also under pressure last week, as investors bet that the Bank of Japan (BoJ) will continue to pursue an ultra-loose monetary policy. The BoJ has said that it is committed to keeping interest rates low in order to support the Japanese economy. This has made the yen less attractive to investors who are looking for higher yields.

The British pound was mixed last week, as investors awaited the release of key economic data, including the UK Manufacturing PMI report. The report showed that the UK manufacturing sector grew at a slower pace in May, which weighed on the pound. However, the pound was also supported by expectations that the Bank of England (BoE) will raise interest rates in June.

The Canadian dollar was also mixed last week, as investors weighed the impact of rising commodity prices against the risk of a slowdown in the global economy. Commodity prices have been rising due to the war in Ukraine, which has boosted the Canadian dollar. However, the risk of a global slowdown has weighed on the Canadian dollar.

Overall, the forex market was volatile last week, with the US dollar strengthening against most major currencies. The main driver of the dollar's strength was the release of strong US economic data. The euro was the biggest loser against the dollar, as investors worried about the impact of the war in Ukraine on the European economy. The Japanese yen was also under pressure, as investors bet that the BoJ will continue to pursue an ultra-loose monetary policy. The British pound was mixed, as investors awaited the release of key economic data. The Canadian dollar was also mixed, as investors weighed the impact of rising commodity prices against the risk of a slowdown in the global economy.