ForexLive European FX News: Slow Trading Ahead of US Jobs Data
Friday, 5 April 2024, 11:44
ForexLive European FX News
The recent ForexLive European FX news wrap brought several key updates in the financial world. Here are the highlights:
Headlines:
- Switzerland March foreign currency reserves CHF 715B vs CHF 678B prior
- Japan's PM Kishida to Take Appropriate Action if There are Excessive FX Moves
- German Factory Orders 0.2% m/m vs 0.6% expected
- ECB Likely to Start Cutting Rates Once a Quarter Starting June
- UK Construction PMI 50.2 vs 49.8 Expected
- Eurozone Retail Sales m/m -0.5% vs -0.3% expected
Markets:
- EUR/USD is uneventful after the German data, but US jobs print is expected.
- GBP/USD didn’t react too much after better than expected Constructions PMI.
- USD/JPY is range bound as Japan PM Kishida said what we already know.
Geopolitical risks loom over the weekend.
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.