The US Dollar failed to gather traction in either direction amidst rising cautiousness prior to the release of US inflation figures and the publication of the FOMC Minutes, both events scheduled for Wednesday.
Meanwhile, a glimpse at the risk-linked galaxy saw mixed performances in the FX universe and a broad-based decline in global yields. Here is what you need to know on Wednesday, April 10: The Greenback alternated gains with losses, leaving the USD Index just above the 104.00 yardstick. On April 10, all attention will be on the release of the Inflation Rate measured by the CPI , seconded by Wholesale Inventories and FOMC Minutes. In addition, Fed’s Bowman and Goolsbee are due to speak.
The multi-session consolidative range remained unchanged in USD/JPY, always limited by the 152.00 barrier and surrounded by persistent speculation on FX intervention. In Japan, Bank Lending, Producer Prices, and the speech by BoJ’s Ueda are all due on April 10. The continuation of the upside bias saw AUD/USD climb to multi-week highs near 0.6650, although deflating somewhat as the session drew to a close.
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