Written by Ilya Spivak, Currency Analyst
The US Dollar may rise as an uneventful economic calendar is likely to yield to risk sentiment as the main driver for forex price action with US equity index futures trading down 1% ahead of the opening bell in Europe. French and Italian industrial production figures are on tap, with expectations calling for the fourth consecutive month of double digit declines in the year to March.
Key Overnight Developments
• New Zealand House Prices Fall for Tenth Month in April
• Australian Business Confidence ‘Stabilized Significantly’ Says NAB
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