Update : 30 March 2015
The US dollar managed to fight back and correct part of the correction. In the week that ends with Good Friday, we have a buildup towards the all important US Non-Farm Payrolls as well as Canadian GDP, US Consumer Confidence and more events. Join us as we explore the top events of this week.
The US labor market continued to improve with a decline in the number of jobless claims, reaching 282,000. Also inflation figures were OK and new home sales beat. However, the final GDP release for the fourth quarter of 2014 slightly disappointed remaining unchanged at 2.2%, below the 2.4% forecast and durable goods orders also fell short of predictions. In the euro-zone, we had upbeat data from Germany but that wasn't enough for EUR/USD to settle over 1.10. In the UK, retail sales shined but inflation hit a round 0%, and cable is still looking for a direction. Japanese inflation also looks weak and could trigger action from the BOJ. The C$ was attentive to oil prices related to the crisis in Yemen, while the Aussie watched developments in China.