Today’s calendar is fairly light in terms of data releases. In the US University ofMichigan consumer confidence for April is due for release. We expect it to havedeclined to 78.5 from 80.0 in March, whereas consensus is for a small increase to83.0.
In the euro-area a big 3Y LTRO repayment could attract some attention after excessliquidity yesterday dropped below EUR100bn for the first time since 2011.
Focus will also be on Q1 earnings reports with among others Ford Motors releasingearnings results today.
Read the full report: FX Daily
Danske Bank