As markets reassess how soon European economies will be able to
reopen, the March nonfarm payrolls report out of the United States will
likely highlight the widening growth disparity between the two regions. The
expected strong US data could help maintain the dollar’s upward drive but
ultimately, its path will be determined by whether or not risk appetite
bounces back. But in a week where trading is expected to wind down
ahead of the long Easter weekend, there’s not much on the horizon that
could turn sentiment around.
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