US dollar backs away from the best levels of the day

The euro touched the lowest levels of 2018 at the start of this hour but has rebounded to 1.1919 from a low of 1.1898.

It's a similar story elsewhere as US dollar buyers back away. With the UK on holiday, that's sapping some of the enthusiasm from the market. The US economic calendar is also very light today with all the action coming late in the day.

  • Fed's Barkin 1800 GMT
  • US March consumer credit 1900 GMT
  • BOC's Lane 1900 GMT
  • Fed's Evans and Kaplan 1930 GMT

One of the things to watch today is oil and the Iran nuclear deal. Trump has until the end of the week to recertify of exit the deal.