For the British Pound, the safe-haven appeal of the US Dollar and the hawkish rhetoric of the Federal Reserve have supported the greenback, limiting GBP/USD gains.
The Singapore Dollar is aiming for its best day against the US Dollar in 5 weeks after the Monetary Authority of Singapore (MAS) tightened policy. USD/SGD is eyeing support next.
NZD/USD broke through a critical trendline overnight despite yesterday's RBNZ rate hike. APAC traders are bracing for Australia's March jobs report and a potential RRR cut from the PBOC.
Major banks will continue to report first quarter results in the coming days. On Thursday, earnings from Goldman Sachs, Wells Fargo, Citigroup, and Morgan Stanley will be in the spotlight.
Every month, DailyFX Chief Strategist and IG US CEO Pete Mulmat sit down to discuss their favorite forex pairs. This week, John and Pete discussed USD sentiment, risks in EUR/USD,…