– The Federal Reserve yesterday reaffirmed its commitment to continue quantitative easing until it sees substantial improvement in the US labour market situation.
– Chinese PMI data for March was stronger than expected and confirms that the Chinese economy continues to grow nicely.
– Both the Fed news and the strong Chinese data have been supporting risk appetite overnight with both US and Asian stock markets trading higher. The good news is overshadowing the continued worsening of the situation in Cyprus.
Click here to read the full report: FX Daily
Danske Bank