Forex Today: US inflation data to reinject volatility into markets – by eren_fxstreet Majors Currencies Macroeconomics Commodities CryptoCurrencies
Markets stay relatively quiet early Wednesday as investors move to the sidelines while waiting for the high-tier events that are likely to ramp up volatility. The US Bureau of Labor Statistics will publish March data, the Bank of Canada will announce its interest rate decision and the US Federal Reserve will release the minutes of its March policy meeting.
The US Dollar struggled to stay resilient against its rivals on Tuesday as markets refrained from betting on a 25 basis points Fed rate hike before seeing inflation figures for March. Meanwhile, Wall Street's main indexes closed mixed. Early Wednesday, US stock index futures trade flat, reflecting a cautious market stance.
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