EUR/USD appears to be reversing course ahead of the 200-Day SMA (1.1821) as it struggles to extend the series of lower highs and lows carried over from the previous week.
The Bank of Canada held policy unchanged in March, maintaining a 0.25% target rate and continuing asset purchases at their current pace while emphasizing continued caution.
The Euro continues to fall against Sterling, with no respite yet in sight for the pair as the OECD forecasts that the UK will outperform the EU and the two…
The near-term trajectory of the US Dollar hinges on inflation figures for the month of February and the total demand for Treasuries at the upcoming 10- and 30-year auctions.
Gold prices are susceptible to another pullback after bouncing from a nine-month low on Tuesday. Resurgence in longer-term Treasury yields and the US Dollar may weigh on bullion.