Early April we experienced turbulence in EUR hitting 1.3966, which many were looking at for the breakout of 1.40 yet, most likely will happen, and now EUR going through a minor correction lvl range of 1.3790 - 1.3860, while ECB being neutral and have no clear action, inflation will continue the climb.
Its back to scalping mode again on EUR
GBP/USD
On the other hand, GBP/USD is making steady climb towards the 2009 August high of 1.70~, many attempts since, its really close this time.
NZD/USD
The Reserve Bank of New Zealand (RBNZ) is expected to follow up last month rate hike in the official cash rate (OCR) with another hike on Thursday, raised OCR by 25 basis points to 3.00%.
As China's top legislature has formally adopted a resolution easing the country's one-child policy, New Zealand being the dairy products exporting country, the demand of dairy products drastically increased, hence we should see stronger NZD in a near future.
