FX Week Ahead - Top 5 Events: New Zealand, Canada, & UK Inflation Rates; BOC & ECB Rate Decisions
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FX Week Ahead Overview:
Now in the second half of April, the economic calendar brings forth several data releases and events that historically invite more volatility to FX markets.
However, still at the onset of the coronavirus pandemic recovery, central banks are looking through inflation data and have proven resolute in their collective decision to keep interest rates low, perhaps taking some of the shine off of an historically busy calendar.
Overall, recent changes in retail trader positioning suggest that the US Dollar still has a bearish bias.
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