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Wells Fargo says the ECB may jumpstart rate cuts in June but with an eye on inflation, it may opt for a July pause. Read more here.

Are stagflation risks real?

The euro has started the new trading week quietly. EUR/USD is up 0.23%, trading at 1.0787 in the North American session at the time of trading. Eurozone inve

April US jobs numbers softer. US treasury yields and the dollar initially crunched; claw back some losses. Fed rate cuts expected to commence in September. Market pricing in 2 @ -25bps

The European Central Bank (ECB) will announce its monetary policy decision on Thursday.

Canadian Dollar extends losses with US Dollar strengthening across the board.

The Australian Dollar (AUD) attempts to extend gains for the third consecutive session on Wednesday.

The Pound Sterling (GBP) exhibits uncertainty in Wednesday’s London session ahead of the United States Consumer Price Index (CPI) data for March, which will be published at 12:30 GMT.

EUR/USD went into a consolidation phase near 1.0850 after closing in positive territory on Monday.

Canadian Dollar gives away gains with investors increasingly cautious ahead of US CPI release.