The FX galaxy traded amidst a generalized lack of conviction and direction, leaving the Greenback slightly bid and the risk-related assets mildly on the defensive as investors gradually shifted their focus to the upcoming US PCE release as well as the Easter holidays.
The Greenback gathered some fresh upside traction against the backdrop of rising cautiousness prior to the release of US inflation figures measured by the PCE on Thursday.
Extra losses in the Greenback prompted another pullback in the USD Index (DXY), underpinning the appetite for the risk-linked universe amidst renewed speculation of interest rate cuts by the Fed.