This will be in observance of Juneteenth, so that could play into some positioning or profit-taking to wrap up the selling pressure this week. After the central bank bonanza this week, markets in general may look for a bit of a breather but the bigger picture remains tough for equities and the franc is arguably now the hot pick (at least mine) in the major currencies space.

This article was written by Justin Low at www.forexlive.com.