ForexLive European FX news wrap: Currencies subdued on Good Friday

Headlines:

• Easter break subdues markets ahead of the weekend
• Central bank rate cut odds.. How have they changed in Q1?
• France March preliminary CPI +2.3% vs +2.6% y/ y expected
• Italy March preliminary CPI +1.3% vs +1.4% y/y expected
• Taiwan navy chief reportedly to visit US next week

It was a rather dead session as markets are out of it amid the Easter holiday weekend. The FX snapshot shows how uninspiring things are, with nothing to with really. That being said, US markets will be open later and that might see the lighter action pick up.

There is the US PCE price index release before Fed chair Powell’s speech later in the day. Will that help traders make up their minds on a June rate cut? We’ll see. Otherwise, it’s going to be a rather enervated end to the trading week.

Have a great weekend, everyone. 🙂

This article was written by Justin Low at www.forexlive.com.