The US dollar has picked up a small bid ahead of the release of a few important US data releases, leaving EUR/USD under downside pressure.
Economic output in the Euro Area’s largest member state is expected to grind to a near-halt this year, adding weight to the possibility of back-to-back ECB rate cuts.
Markets appears content to take profits as Q1 comes to a close and OPEC sources do not expect any changes to output levels in the second quarter
Japanese finance minister, Shunichi Suzuki escalated the language used to address recent, unfavourable moves in the yen. The same rhetoric used before prior FX intervention
The article explores the near-term outlook for the U.S. dollar, focusing on three of the most popular and liquid FX pairs: EUR/USD, USD/JPY and GBP/USD.