The big news in forex this week is once again the dollar.  This morning, the New York session opened with the Dollar showing increased weakness after various news this week, including disappointing unemployment numbers.  Over the past week, we've seen an increase in currency volatility as the USD has taken a beating against many of the majors. 

As we near the end of June, there seemed to be little momentum to slow this trend, with forex traders finding numerous reasons to bet against a Dollar recovery.   Some would say it is due to the continuing trend in which the U.S. is lagging behind the global recovery - indicated by more moves to emerging-market currencies, and seen in the strengthening of hard-hit economies in the BRIC.
 
With little news until the middle of next week, forex traders should focus on regrouping strategies, and preparing for the end of the month which will have testimony from Bernanke, oil inventories, and various other economic signals. 

With the current trends in the markets, Forex traders have a great opportunity to regroup their strategies, and begin looking long term again.  For those who have prepared their strategies in advance, now may be a great time to put those to use with expert advisors, and automated strategies.