Last week saw the release of the minutes from the US Federal Reserve and the European Central Bank monetary policy meetings which took place in March. While Fed members felt that policy should remain unchanged on growing risks of inflation failing to rise, in Europe, ECB officials were unanimous in their view of acting strongly which saw the ECB cut interest rates as well as expand the QE bond purchases. EURUSD saw modest moves over the week and a brief attempt to test the high of 1.145 but various ECB officials came out strongly dovish sending the single currency weaker.
Crude Oil Gains Over 5%, US, UK & Eurozone CPI’s to be Released
Weekly Report - 10/04/2016