Euro under pressure, more downside ahead?

Aud steady ahead of Federal Budget. Kiwi under pressure. The Euro continues to retreat from Thursday’s 2 1/2 year high following Mario Draghi’s hint at a possible June easing by the ECB, dragging the Chf and Gbp down with it, and it looks as though there may be more to come. The commodity currencies were steady, as was US$/Yen, although all the crosses saw a bit of action with both the Yen and Aud making good gains. This week sees plenty of data, including CPI and GDP from both the EU &



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