March Non-farm Payrolls will be key for USD – Danske Bank

FXStreet (Edinburgh) - The US dollar will depend on the upcoming March Payrolls to determine the near term direction, suggested analysts at Danske Bank.

Key Quotes

“USD crosses remain under pressure following this week’s US data disappointments; EUR/USD remains close to the post-Fed March high just above 1.10”.

“We still believe it will take a sustained move for the better in terms of US versus euro-zone data surprises before we will see a next leg lower in EUR/USD”.

“Strong US payrolls on 3 April are clearly a potential trigger.