DXY continues to move around 100.0, crossing this level daily for the sixth trading session. Since the beginning of the day, the dollar has moderately receded to a wide list of currencies, to a greater extent – to commodity ones. EURUSD sagged to 1.0750 after the gloomy “base scenario” of Lagarde about a 9% decline in Eurozone GDP in 2020.
Gold during the day rose above $1735, to the area of highs since 2012.
Brent is gaining growth, but so far comes up with increased pressure on attempts to grow above $26.
Tomorrow, market attention will be drawn to hearings on a new stimulus package in the US and business sentiment assessment in Germany.
Important events for April 23, GMT (Exp.):
06:00UK!!!Retail Sales (Mar, -5.0% y/y)
08:00Ge!!!Ifo Business Climate (Apr, 79.7)
12:30US!!Durable Goods Orders (Mar, -12% m/m)
14:00US!!UoM Consumer Sentiment (Apr, 67.5)
17:00US!!Baker Hughes U.S. Rig Count (18-24.04)