Dollar has weakened further versus the Euro, Sterling and Yen in afternoon trading. UK industrial output data for March were mixed but the trade deficit narrowed in February. The war of words between the US and China has cooled and global risk appetite appears to have rebounded which is working against the Dollar although US equities are currently struggling to build on recent gains. US CPI-inflation rose in March, as expected, but seemingly not by enough to provoke a market rethink about the possibility of a further three Federal Reserve rate hikes this year.
