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USD Pared its Gains

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US inflation numbers fell 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 levels, affected by BOJ’s Kuroda.

Gold declined to $1,225 as the US applications for unemployment drop to its lowest levels since 1973. The precious metal could settle above $1,208 by 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” or “Remain” camps are both at 39%. On the other hand, the BOE warns the EU exit could hurt the economy.

The most important economic events:

  • USD U. of Michigan Confidence (APR P): (GMT 16:00) important – Forecast – (92.0) – Previous (91.0) 

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