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The US Dollar (USD) is retreating a touch on Monday ahead of the US session in a rather calm week ahead, with many trading desks and markets across the globe closed on Good Friday. Traders will likely continue to speculate on whether
‘We will not allow inflation to rise above two percent or less,’ Ben Bernanke burbled, declaring a confidence level of ‘one hundred percent.’
European Central Bank (ECB) Governing Council member Pierre Wunsch spoke at a news conference on the Belgian national bank's annual report, stating that the ECB will have to make decisions soon with interest rate cuts, even while wage inflation and price rises for services remain high.
Gold price (XAU/USD) attracts some dip-buying during the Asian session on Wednesday and reverses a part of the previous day's profit-taking slide to the $2,150 area, or the weekly low.
EUR/USD continues its steady decline into midweek after the release of higher-than-expected inflation data from the United States (US) reduced the chances of an early interest-rate cut from the Federal Reserve (Fed).