Price action in currency markets over Easter Monday was very subdued, with markets largely deprived of tier-one macro data. The US Dollar continues to inch higher at a glacial pace and in trade-weighted terms remains within its very narrow monthly range of 1%. The GBP/USD cross remains below 1.30 for the fourth consecutive session, with even the Brexit saga seemingly taking a breather.
The data and events calendar is light this week although a handful of releases may awaken markets from their slumber. These include Q1 Australian CPI-inflation data and the April figure for the German Ifo business climate (due out tomorrow) and the first reading for US GDP in Q1 (out Friday).
