Dollar has so far started the week strongly after last week's massive rally. Dollar is trading at 99.50, up 0.16% for the day so far.
- Last week Dollar is up 3.36% against Euro, 2.83% against Franc, 1.90% against Pound, 1.04% against Yen, 0.57% against New Zealand Dollar, 0.17% against Canadian dollar. Aussie is the only currency among these that rose against dollar, by 1.17%.
However, several technical indicator is denoting that the current rally remains vulnerable due to extreme one sided sentiment.
Preview of economic dockets that might impact dollar rally this week -
- Wednesday, April 15th - ECB interest rate decision at 11:45 GMT and press conference might pop up Euro, thus ending dollar's rally. It might also reignite the rally.
- Wednesday, April 15th - Bank of Canada (BOC) rate decision at 14:00 GMT. Rate cut will provide boost to dollar.
- Friday, April 17th - Consumer price index data from US at 12:30 GMT.
Probabilities are high that Euro might break to new yearly low this week, over ECB monetary policy minutes. Euro is currently trading at 1.06 against dollar.


‘Buy now, pay later’ doesn’t feel like debt. For young people, that can be a big problem
Big AI wants to slow down AI research. Is it a safety pause or a strategic retreat?
Banking scandal rocks Brazil’s politics and the country’s presidential election in October
Europe can’t achieve space sovereignty alone. Here’s why
Who should own the knowledge that underpins AI technology?
Gold Slides to $4,262 as Hawkish Fed Rate Hike Triggers Technical Breakdown
Synthetic data could ease people’s concerns about privacy breaches. But who gets to create it?
Physicists zoom into the birth of cosmic rainstorms with new CERN study
China’s robots can run faster than Usain Bolt – now they are being prepared for war 



