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US Dollar hit by weak Q1 data ahead of ECB meeting

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US Dollar hit by weak Q1 data ahead of ECB meeting

ETF Securities – US Dollar hit by weak Q1 data ahead of ECB meeting A weekly overview of global currency market developments. The report details the past week’s performance of G10 currency pairs and currency baskets, directional model signals for the week ahead, longer-term consensus currency forecasts, futures market positioning data and a macroeconomic commentary on the FX market.

Summary

•    Canadian dollar jumps on inflation concerns
•    Euro defies interest rate pressures
•    Near-term AUD weakness as RBA meets

Important Information

This communication has been issued and approved for the purpose of section 21 of the Financial Services and Markets Act 2000 by ETF Securities (UK) Limited (”ETFS UK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority (”FCA”).

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