As the dollar recedes on some scepticism around the aggressive bets of an
early Fed tightening, US inflation and retail sales numbers due in the
coming week could reignite those expectations. There could be a further
boost to the global recovery outlook if Chinese GDP figures point to strong
growth in the first quarter. In the UK, the monthly GDP print might not be
able to provide much respite for the sagging pound and the kiwi might have
a hard time too if the Reserve Bank of New Zealand indicates a full
recovery is a long way off. The aussie on the other hand will be looking to
stretch its tepid rebound should Australian employment continue to rise.
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