EUR/USD looks ready to break out from the relatively narrow range it has traded in for most of this month. It could go either way but the downside looks more likely.

The US dollar is being underpinned by rising US Treasury yields as inflation fears continue to stalk the market.

The Swiss Franc has been struggling to capitalize on stock market volatility ahead of the SNB policy meeting. Rising government bond rates externally may leave CHF vulnerable in the long run.

The last week of March brings about a quieter economic calendar for Australia, with the trio of PMI reports the sole focus.