ForexLive European FX News Wrap: Currencies Subdued on Good Friday
Friday, 29 March 2024, 12:03
ForexLive European FX News Update
Market Subdued over Easter Break
It was a quiet session in the markets during the Easter holiday weekend. The FX snapshot indicates a lack of significant activities. However, US markets opening later might bring some action.
Key Economic Indicators Released
- France March preliminary CPI +2.3% vs +2.6% y/y expected
- Italy March preliminary CPI +1.3% vs +1.4% y/y expected
Market participants are awaiting the US PCE price index release and Fed chair Powell's speech for insights on potential rate cuts in June.
Overall, it was a rather uneventful end to the trading week due to the holiday season.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.