From Investing.com:

The Dollar Index retreats as market focus shifts to job data and Fed President Powell’s remarks. The EUR/USD pair stands on the edge post Euro-zone inflation rise, awaiting the ECB’s upcoming interest rate decision. Gold surges to new 2024 highs, breaking key resistance levels, aiming for $2,100 and beyond. Market expectations point toward an interest rate cut in June, influencing the Dollar Index’s trajectory downward. Euro-zone inflation slightly exceeds forecasts, reinforcing ECB’s patience on rate cuts, impacting the EUR/USD trend. Gold breaks out and sustains above $2,088, eyeing $2,100 amidst economic data volatility.



Read more at Investing.com: US Dollar, EUR/USD: How to Trade the ECB Decision, Powell Speech This Week