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Forex Today: Eyes on German inflation data and Fedspeak as trading conditions normalize

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Here is what you need to know on Tuesday, April 2: Trading conditions are starting to normalizing on Tuesday with investors returning from the long Easter holiday.

Germany's Destatis will release preliminary Consumer Price Index data for March and the US economic docket will feature Factory Orders and JOLTS Job Openings data for February. Several Federal Reserve policymakers are scheduled to deliver speechesduring the American trading hours as well.

Japanese Finance Minister Shunichi Suzuki repeated that they willnot rule out any steps to respond to disorderly moves and that they will monitor foreign exchange moves with a high sense of urgency. Japanese Yen languishes near multi-decade low, seems vulnerable to slide further. Gold reached a new all-time high above $2,260 early Monday but erased a portion of its daily gains on broad-based USD strength in the American session. XAU/USD seems to have stabilized at around $2,250 on Tuesday.

 

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