The market from the beginning of the week to Wednesday remained gloomy with investors still cautiously watching for any changes that occur which are expected to continue to be affected by the impact of the global tariff war.
Although the announcement of tariff exemptions by the White House on electronic products from China slightly eased concerns, tensions between the United States (US) and China still linger.
The US dollar looked slightly better against the Euro and the Canadian dollar, but remained gloomy compared to several other major currencies.
With the uncertainty prevailing, investors are also watching the latest data that could drive the current price movement.
The Pound continued its positive performance after the UK employment data report was published in the European session yesterday.
However, more attention is on the UK inflation data which could have a greater impact on the Pound to be published in the European session shortly.
Also published in the New York session yesterday was Canadian inflation data with a low March reading of 0.3% giving a significant depreciation effect to the Loonie.
The Canadian dollar is riskier today ahead of the Bank of Canada (BOC) policy meeting with interest rates expected to remain on hold.
US retail sales data will also be watched in the New York session tonight which is likely to drive a clearer direction for the US dollar heading into the end of the week.
