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EUR/USD focus to German data & Fed speaks

The weakness around the greenback seems to be taking a breather after yesterday’s sell off, prompting spot to fade the spike to the mid-1.1400s and return to the current 1.1405/10 band ahead of the opening bell in Euro land and against the backdrop of a mild sentiment towards the riskier assets.

Overnight, the dollar dropped to eight-month lows against the other major currencies in subdued trade on Monday, as the Federal Reserve’s persistently cautious stance on rate hikes continued to weigh on the greenback.

Focus Fed Spech’s. 

The final German inflation figures for the month of March are expected to match the preliminary readings, while the US dollar will take center stage later following speeches by Harker, Williams and Lacker.

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