The US dollar (USD) continues to be withdrawn by opposite forces: the reduction in the reduction of the American president Donald Trump of certain protectionism measures compared to data on the data of an American slowdown. In the end, the equality break for FX Impact seems to be the performance of actions. American actions had a good day yesterday, because certain price exemptions for automotive parts prevailed on the wrong data, and the dollar was moderately stronger in all areas. We also think that a rebalancing at the end of the month has helped support the notes of FX FX FX analyst of FX of ING.
The USD should be neutral on Wednesday
“Today, all eyes will be on the printing of GDP of the American first quarter. Economists have revised their forecasts lower after the deficit in the trade in much wider goods from yesterday to -0.1% quarter in the neighborhood. Thesaurization compared to an effective slowdown in consumption.”
“The other two key versions are today the employment figures of the ADP for the Basic PCE of April and Mars (the preferred measure of inflation of the Federal Reserve). The latter should slow down to 0.1% per month, which can lead to certain members of the Fed feeling more comfortable when discussing flexibility prospects, and can potentially feed a certain dynamic at a price. 17bp took into account in). “
“We have a neutral bias on the dollar today. Although the data flow should continue to prove a net negative, the markets clearly welcome Trump's efforts to facilitate certain pricing pain. We always believe that a constant flow of constructive new trade (especially with regard to China) is necessary to maintain the actions and the sustained dollar, but for the moment, it could be sufficient to let the dollar stabilize Friday pay. “
