The Currency Scene:
News, Events, and Stories about currency from around the world.

Talking Points:

- The theme of US Dollar strength remains in the spotlight this week as we get the release of April inflation numbers. March inflation printed at fresh one-year highs, and since then we’ve seen a remarkable turn-around in the Greenback as the currency appears to have awoken from its 2017 slumber. The big question is one of continuation potential – as the US Dollar remained weak in the immediate aftermath of last month’s inflation print; only starting to surge a week later around the release of UK inflation numbers for the month of March.

- The expectation is for US inflation to have risen by 2.5% in the month of April, and this will keep the US Dollar in the spotlight in the near-term as the bullish breakout from the past few weeks has continued in a rather noticeable manner. Also on the calendar are rate decisions out of the Bank of England and the RBNZ; and noteworthy is a light Euro calendar as EUR/USD has sunk down to fresh 2018 lows[1] to start the week.

- DailyFX Forecasts have been updated for Q2, and are available from the DailyFX Trading Guides page[2]. If you’re looking to improve your trading approach, check out Traits of Successful Traders[3]. And if you’re looking for an introductory primer to the Forex market, check out our New to FX Guide[4].

Do you want to see how retail traders are currently trading the US Dollar? Check out our IG Client Sentiment Indicator[5].

Back-Loaded Economic Calendar Brings RBNZ, BoE, US CPI

This week’s economic calendar[6] is back-loaded, with a series of high-impact

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The Logo Story

currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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