Here is what you need to know on Tuesday, April 16: The US Dollar (USD) continues to gather strength early Tuesday after outperforming its major rivals on Monday.
Here is what you need to know on Tuesday, April 16: The US Dollar continues to gather strength early Tuesday after outperforming its major rivals on Monday. The US economic docket will feature Housing Starts and Building Permits data for March. The Federal Reserve will release Industrial Production figures and several Fed policymakers, including Chairman Jerome Powell, will be delivering speeches later in the American session.
The UK's Office for National Statistic reported early Tuesday that the ILO Unemployment Rate climbed to 4.2% in the three months to February from 4%. Further details of the report showed that the wage inflation, as measured by the change in the Average Earnings Excluding Bonus, edged lower to 6% from 6.1% on a yearly basis. GBP/USD pushed lower toward 1.2400 after the data and touched its weakest level since mid-November.
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