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EUR Recovery Continues, Hitting April High

FOREX
  • CHF, EUR are among the session's strongest performers Wednesday, indicating a modest risk-off feel - although equity futures are holding the bulk of the week's gains ahead of the NY crossover. The USD index holds just below the 200-dma at 92.427.
  • Caution and concern over vaccine rollouts across Europe remain a market focus, with both UK and EU medicines regulators due to give their judgements on the AstraZeneca vaccine as soon as today. A negative judgement would be a considerable hurdle to re-opening plans across the UK and the continent, so remains a key market risk.
  • PMI revisions for March across the Eurozone generally fared a little better than expected, helping nudge the Eurozone composite PMI to its best level since July last year.
  • US & Canadian trade balance, Canada's Ivey PMI and the FOMC minutes are highlights Wednesday, as well as speeches from Fed's Evans, Kaplan, Barkin & Daly. G20 FinMins also hold a press conference.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Energy BulletsCommodities

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