The German Ifo business survey is the key focus on today’s agenda.

The longer weekend has led to a subdued start today. Major currencies are mostly stable, with dollar pairs trading within narrow ranges and showing little overall change. USD/JPY has dipped slightly after nearing the 157.00 mark late last week. So far, market movements have been minimal.

In European morning trade, there isn’t much expected to stir the markets either. The upcoming German Ifo business survey for May is likely to confirm steady conditions in the German economy for Q2, providing additional reassurance to the ECB following a strong Q1 performance.

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