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EUR/JPY tumbles further south of the 130.00 level. The firm pace of the greenback weighs on the euro. Investors’ attention remains on the ECB event on Thursday. The recovery in the dollar adds extra downside pressure to the European currency and drags EUR/JPY to new lows in the 129.60 region. EUR/JPY weaker, breaks below 130.00
Canada March 2021 inflation data: Prior was +1.1% y/y CPI +0.5% m/m % vs +0.6% expected Prior m/m reading was 0.5% Core measures (y/y):    Median 2.1% vs 2.1% exp (prior 2.0%)    Common 1.5% vs 1.4% exp (prior 1.3%)    Trim 2.2% vs 2.0% exp (prior 1.9%) The headline is fractionally soft but the
A combination of factors prompted some aggressive short-covering around USD/CAD on Tuesday. Weaker risk sentiment benefitted the safe-haven USD; tumbling oil prices undermined the loonie. Investors now move on the sidelines and look forward to the latest BoC monetary policy update. The USD/CAD pair witnessed a dramatic intraday turnaround on Tuesday and rallied nearly 150
What you need to know on Wednesday, April 21: The greenback extended its slide at the beginning of the day, to reach fresh monthly lows against most major rivals, but changed course during the European morning, amid the dismal tone of local equities. Wall Street was sharply down, providing another boost to the American currency. The
Chelsea is also planning on withdrawing from the 12 team league The BBC is reporting that Manchester City has withdrawn from the European Super League. Chelsea is also reported looking to back out of the league. That would leave for remaining UK teams Arsenal, Liverpool, Manchester United and Tottenham Hotspur.Invest in yourself. See our forex education hub.
AUD, CAd and NZD had been strong outperformers against the USD earlier, and they still are. But EUR is putting on a spurt now above 1.2070. GPB still a bit of a laggard.  Goldman Sachs on the weekend upgraded its assessment of the euro and recommended buying it with a target at 1.2500. Invest in yourself. See