EUR/USD
Greece won’t default on payments to the International Monetary Fund next week even as a lack of bailout disbursements has left government coffers nearly empty, according to the minister responsible for meeting the obligations. Greece has an IMF payment of about 450 million euros ($494 million) due on April 9. With euro-area officials withholding aid payments until an agreement is reached on economic overhauls, the government also has to get through a short-term debt auction a day before, to refinance 1.4 billion euros of six-month notes due April 14.while The dollar slid for a third week, capping the longest streak of losses in almost a year, as a report showing cracks in the U.S. euro rose to 1.1000 as job data was weak.
GBP/USD
Pound rose after weak us data , while UK data lask week was Britain’s gross domestic product expanded 0.6 percent in the final three months of 2014, more than the 0.5 percent previously estimated and an eighth consecutive quarterly gain. Manufacturing rose to 54.4 last month, matching the median estimate of analysts in a Bloomberg survey. It climbed from a revised 54 in February; U.K. government bonds declined with Treasuries after a report showed U.S. jobless claims unexpectedly dropped last week.
USD/JPY
Yen fell after it touched 118.72, as the dollar fell to one-week lows against the yen after a surprisingly weak U.S. jobs report for March. The U.S. is to release what will be closely watched data on service sector activity on Monday and the Federal Reserve is to publish the minutes of its March meeting on Wednesday. The surprisingly weak report added to concerns over the outlook for economic growth after other recent economic data pointed to a slowdown at the start of the year.
