Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Last night saw big gyrations in the euro/dollar exchange rate, when in a matter of 15 minutes, without any particular event or data, the euro declined more than 50 pips against the dollar. At 5:15 Easter hours, the euro was trading at 1.128 against the dollar and by 6:30 Eastern hours, the euro was down to 1.12 against the dollar. And by 10:30 Easter hours, the euro was back trading at 1.128 against the dollar.
It was later found that the euro suffered the move over a leaked inflation report, which was scheduled for publishing, during the interest rate decision of the European Central Bank (ECB). The report said that the European Central Bank (ECB) is set to cut its medium-term inflation projections for 2019, from 1.7 percent to 1.5 percent. The report was initiated in Bloomberg.
The euro started recovering after a separate report from Reuters suggested any trim in inflation forecast of the ECB would be small. The financial markets have remained cautious over the recent slowdown in inflation across the Eurozone, which is fuelling some speculations that the central bank’s easy monetary policy still has a long way to go.
