It was a sea of red for the dollar this morning, with losses of around 0.75% against the pound and euro and well over 1% against the Swiss franc. In the US economy, sales of existing homes plunged by almost 4% in March. According to analysts, this was chiefly the result of low confidence and high interest rates expectations, as well as the weak labour market. The US dollar’s support from safe-haven dynamics seem to be at an end for now. We’ll get the producer price inflation (PPI) reading this afternoon.
EUR/USD: the past year
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