The first full week of Q2 has seen the dollar broadly weaken as Fed officials maintained their dovish stance through various communication channels. Meanwhile, vaccination hurdles in the UK have driven the pound lower throughout the course of the week, while rising cases in Europe and Canada led to tighter measures being imposed. Next week, Covid-19 developments will stay top of mind, while rate announcements from the Reserve Bank of New Zealand and Central Bank of the Republic of Turkey are scheduled. Both banks are set to hold rates next week, with the CBRT decision proving more salient given the recent political interference and lira weakness. Other key data points include US CPI and Australian labour market data, both for March, and China Q1 GDP.
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