XE Market Analysis: Europe – May 03, 2019

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The Dollar has remained underpinned amid expectations for a solid U.S. April employment report later today, while the Australian and New Zealand Dollars underperformed as market anticipate that both the RBA and RBNZ will cut interest rates at their respective May policy meetings next week. The Euro, meanwhile, also remained a target of dollar bulls, with the common currency posting fresh lows against a number of currencies today. Trading in the pre-Europe Asia market has once again been thin, with both China and Japan remaining out of holiday.