The dollar is continuing to keep slightly on the weaker side after yesterday’s retreat, with the drag in Treasury yields amid the ‘peak inflation’ narrative weighing on the greenback.
EUR/USD is trading back up to 1.0900 but the ECB will be in focus today, so that is a risk factor for the euro even if the central bank isn’t expected to pull out many surprises – if at all.
USD/JPY is also dragged back down below 126.00, though buyers are holding on to the push above the 125.00 level for now.
As yields retreated, equities snapped a short losing streak with US futures also pointing a little higher on the day. US retail sales will be a key risk event to watch later on but not before we get the ECB.
0630 GMT – Switzerland March producer and import prices
1145 GMT – ECB announces its April monetary policy decision
1230 GMT – ECB president Lagarde press conference
That’s all for the session ahead. I wish you all the best of days to come and good luck with your trading! Stay safe out there.
EURUSD=X 
EURCAD=X 
EURJPY=X 
GBPUSD=X 
EURNZD=X 
AUDUSD=X 
CADUSD=X 