The USD recovered some of the previously lost ground yesterday but has so far failed to recover 100 levels on the US Dollar index (DXY), the DXY is an index measuring dollar strength against a basket of currencies. DXY is currently trading at 99.75 at the time of writing.
US equity close was rather mixed yesterday with the DJ and the S&P500 ending in loss territory, while the Nasdaq managed some minor gains.
Moving into the weekend market sentiment is about to come to terms with the first round of presidential voting in France. With much of the polls still pointing towards an unclear winner, concerns of some unexpected result that could potentially deal another blow to the EZ bloc still remain.
Nevertheless the euro has remained quite steady so far with the EURUSD trading levels of 1.0727 at the time of writing.
On today’s economic docket the limelight probably goes to BoE’s Carney scheduled intervention at the a Bank Of France Event in Washington. GBP has managed some tiny gains this morning after the losses made earlier this week on the back of the anouncement of a general election in June for Britain.
From the US we are also expecting weekly jobless claims, Philly Fed Business Outlook and leading indicators later this afternoon. From the EZ we have construction Output and Consumer Confidence.
