Here is what you need to know on Tuesday, April 16: The Greenback maintained its bullish bias and advanced to new 2024 highs near 106.20 when gauged by the USD Index on Monday. On April 16, Building Permits, Housing Starts and Industrial Production are all due. EUR/USD remained on the defensive and slipped back to fresh yearly lows near 1.0620. The Economic Sentiment measured by the ZEW survey in Germany and the euro bloc are expected on April 16.
The next release of note in Oz will be the Westpac Leading Index on April 17. USD/CAD kept the move higher well and sound, reaching new highs near the 1.3800 yardstick. On April 16, Canadian Inflation Rate and the BoC’s Core Inflation Rate will take centre stage. USD/CNH extended its consolidative mood near 7.2600, resuming the downside following Friday’s decent advance.
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