•     Dollar rises on month/quarter-end demand

–    Not much change in US rates or rate expectations

–    Demand could continue today as well ahead of period close

–    Afterwards, market to look towards another strong NFP in thin holiday trading Friday

•     AUD falls further, AUD/NZD hits record low

–    Domestic Australian data isn’t bad; new home sales, private sector credit expanding

–    But iron ore still falling, tomorrow’s China manufacturing PMI expected below 50

–    AUD/NZD hits new low; market has parity in view. AUD could decline further

•     Today:

–    Eurozone: Eurozone flash CPI for March, unemployment for February. German CPI inflation returned to positive, increasing likelihood that Eurozone deflation could moderate, but as QE is on autopilot, may not have much impact on FX

–    UK:  3^rd estimate of Q4 GDP forecast to be same as 2^nd estimate

–    US: S&P/Case-Shiller house price index for Jan, Chicago PMI, Conference Board consumer confidence for March

–    Canada:  monthly GDP for January expected to contract a bit = CAD-negative

–    Speakers:  ECB Supervisory Board Chair Nouy; Fed Presidents Lacker, Lockhart, Mester & George