European Open Preview – Sterling torpedoed by soft data; German & US inflation prints due
Posted on April 30, 2018 at 7:46 am GMTHere are the latest developments in global markets: FOREX: The US dollar index was practically unchanged on Monday. On Friday, it pared back gains posted early in the session and closed the day almost flat as well, pressured by a similar pullback in US Treasury yields. That said, last week was still a very productive one for the dollar index overall, which rose 1.3% to reach its highest level in three-and-a-half months. Elsewhere, sterling plunged on Friday following disappointing GDP data, as investors [..]