A strong US dollar is increasing tension in currency markets
With around 40% of S&P 500 constituents reporting earnings last week including heavyweights Microsoft (MSFT:NASDAQ) and Alphabet (GOOG:NASDAQ) , the micro picture was widely expected to be the main investor focus. As things turned out, a surprisingly weak first quarter GDP (gross domestic product) print and higher-than-anticipated March inflation gave investors and the Federal Reserve further pause for thought on the likely path for inflation and interest rates. For...