EUR review

The euro drifted below two-week peaks as markets curtailed major bets ahead of the big Fed decision on Wednesday. It also didn't help sentiment for the euro that Friday's Eurogroup meeting was long on talk and short on action to help Greece avert default and a boot from the bloc in the weeks ahead. 

Expect meaningful gains for the euro to remain a struggle until Athens can produce a satisfactory list of reforms to win its remaining rescue loans. Greece's dwindling coffers are said to have enough money to keep solvent for another few weeks. 

Baby step improvement is on the cards for euro zone inflation and unemployment on Thursday. Inflation is forecast to improve to zero from -0.1 percent in March. Unemployment is expected to improve a notch to 11.2 percent.