The pressure is on for today’s press conference by President Draghi and Friday’s nonfarm payrolls release. Currencies are cautious with several undergoing retracement from the recent violent weakness. The US bond market led today’s move, with two-year yields collapsing back to 0.51% and 10-year yields back at 2.41% suggesting that markets are once again re-pricing the outlook
Read the full report: FX Daily