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Forex Today: Market action slows down ahead of this week's key events

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Here is what you need to know on Tuesday, April 9: Major currency pairs fluctuate in familiar ranges early Tuesday as investors move to sidelines while waiting for a fresh catalyst.

The European Central Bank will release the findings of the Bank Lending Survey in the European session. Later in the day, NFIB Business Optimism Index for March and RealClearMarkets/TIPP Economic Optimism Index for April will be featured in the US economic docket. The US Bureau of Labor Statistics will release the Consumer Price Index data for March on Wednesday and the ECB will announce monetary policy decisions on Thursday.

Qs What is the Reserve Bank of New Zealand? The Reserve Bank of New Zealand is the country’s central bank. Its economic objectives are achieving and maintaining price stability – achieved when inflation, measured by the Consumer Price Index , falls within the band of between 1% and 3% – and supporting maximum sustainable employment.

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