EUR/USD Perspective as ECB Worries of Currency War and Fed Update Due

EUR/USD Perspective as ECB Worries of Currency War and Fed Update Due

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There is little doubt that risk aversion jolted the financial markets into the close of the New York trading session Wednesday, but is there enough there for a tradeable trend?

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US
Market
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While the minutes themselves resulted in only a minor reaction initially, traders are quickly adjusting to the prospect of four rate hikes this year.
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EURO
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The Euro may rise if February PMI readings fall short of expectations while hawkish comments from BOE officials might offer a further lift to the British Pound.
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ASIA
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The US Dollar caught a bid after yesterday's release of FOMC minutes. But that theme has been unable to last, and prices are already back to pre-release levels.
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