Euro rose sharply against all major currencies on the back of strong economic data and hints given by Draghi on Monetary policy strengthening at a conference in Frankfurt, Germany. The U.S. dollar went on a rollercoaster ride yesterday as investors tried to make sense of the latest economic reports.
Next 48 hours will be key for Dollar largely because of tax reform bill. The House is set to vote on their tax plan today, which is a formality at this stage as the market focuses on the Senate bill. Along with this US Jobs reports and Euro zone Inflation data will drive the markets until closure on Friday.