Bad quarter for the Dollar

USD

EURUSD

The pair EURUSD went up to 1.1380 that was caused by several factors. The market came through quite good employment data from ADP and again started to sell USD after Evans’ comments. Actually his speech was an echo of his boss Yellen’s announcements that we heard the day before: declining risks for the US economy, high market volatility, necessity in gradual rate increasing. Though, the common currency is supported as well by the strong EU inflation indicators. Yesterday Germany estimated price growth in March by 0.8%. This is much higher than expected 0.6%. As a result annual pace returned to more…