After having stalled in recent weeks, the USD-rally seems to be regaining momentum yet again. Culminating in an update of US employment on Good Friday, next week’s data could help the USD consolidate some more. That said, it will likely take evidence of both employment and wage gains for non-farm payrolls to have a sustained positive impact. Poor market liquidity pre-Easter could also dampen market moves. Longer term, we still see risks for USD on the upside and we keep our long USD/CAD trade open. Also next week, we expect more evidence that Eurozone deflation slowed further in March. Greece should also submit a ... (full story)