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Steady progress - Monex Europe
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Steady progress - Monex Europe
USD The US dollar softened slightly last week, reacting to a more cautious risk environment. Focus now shifts to a heavy calendar of top-tier data. The crucial Q1 GDP release is due this Wednesday, 30 April, followed by March Core PCE inflation on Thursday, 1 May and non-farm payrolls on Friday, 2 May. Markets are bracing for a softer growth figure but still-sticky inflation, complicating the Fed’s task. The FOMC meeting is scheduled for 7 May, …
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