How will the USD react?
Canada employment report and Ivey PMI also on tap today. Risk appetite still appears strong - but for how long… MAJOR HEADLINES ? PREVIOUS SESSION Overnight developments: US Mar. ISM Non-manufacturing out at 49.6 vs. 48.5 expected and 49.3 in Feb. Australia Feb. Retail Sales out at -0.1% vs. +0.3% expected Switzerland Mar. CPI YoY out at 2.6% vs. 2.5% expected THEMES TO WATCH ? UPCOMING SESSION Key event risks today (all times GMT): Germany Feb. Factory Orders (1000) Canada Mar. Unemployment
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