This week gets underway with Monday night interest rate decisions from Japan and Australia, both of which are expected to hold overnight call rates at current levels. The economic week then is dominated by Canadian releases that may allow Usd/Cad to break out of the trading range that has had it locked in for months. Momentum may slow down from Wednesday as the global markets prepare to close for the Easter weekend, and as such we may see more Sunday/Monday activity than the norm.

We are looking at where the markets will be pushing the dollar, and whether the attempts to break the support at 84.00 on the dollar index will be able to hold. Recent trade at these levels has lead to a bounce higher in greenback valuations, something that we will closely monitor this week.This week gets underway with Monday night interest rate decisions from Japan and Australia, both of which are expected to hold overnight call rates at current levels. The economic week then is dominated by Canadian releases that may allow Usd/Cad to break out of the trading range that has had it locked in for months.

Momentum may slow down from Wednesday as the global markets prepare to close for the Easter weekend, and as such we may see more Sunday/Monday activity than the norm. We are looking at where the markets will be pushing the dollar, and whether the attempts to break the support at 84.00 on the dollar index will be able to hold. Recent trade at these levels has lead to a bounce higher in greenback valuations, something that we will closely monitor this week.