The euro is set to escape the three-US-cent range in which it has traded against the dollar all summer, reports indicate.According to the Wall Street Journal, forex traders will be keeping a keen eye on the single currency this week after it failed to breach the $1.43 mark last week despite widespread support for the euro.Trend analysis shows that the single currency tends to fare favourably against the dollar on the back of upwards movements in equities markets and strong corporate earnings reports.At the start of the new month, forex traders will now be looking to key US employment data and a policy statement from the European Central Bank.Meanwhile, Bloomberg reports that UBS expects the dollar to underperform against all major counterparts except the yen as growth sensitive currencies continue to rise on invigorated appetites for risk and confidence in the prospects for economic recovery.