US Inflation numbers have fallen in March, core inflation is slowing, suggesting little urgency for a cautious Federal Reserve to raise interest rates in the near term. USD index touched levels of 94.95.
EUR traded above $1.1260 vs. USD, thanks to soft US data. The pair could settle above $1.12 during the end of the week. JPY declined to 109.50 level, affected by BOJ’s Kuroda.
Gold declined to $1,225 as the US applications for unemployment drop to lowest since 1973. The precious metal could settle above $1,208 during the end of the week.
GBP declined vs. USD and traded at $1.4150, negatively affected by the latest poll carried out for the Times; revealed that public faith in UK Prime minister has dropped by 8 points since February to 21% and the Leave and Remain camps are 39%. On the other hand, the BOE warns the EU exit could hurt the economy.
The most important economic events:
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