Holidays in the United Kingdom and the United States will make for a short trading week, but one that will be filled with economic data releases alongside new reports from US-China and US-North Korea relations.
The USD continues to gain versus emerging market currencies as more signs of a global growth slowdown appear. The U.S. consumer price index came in under expectations and raised concerns on how many rate hikes could the Fed get way with in 2018.
The highlights for the market this week will be the rate statements from the European Central Bank and the Bank of Japan alongside the release of the first estimate of the first quarter growth in the U.S.
With the Fed set to make further rate hikes and the ECB continuing its love for Quantitative Easing, we examine the effect these contradictory monetary policies are likely to have on organizations reliant on the near-term Dollar/Euro spreads.
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