Fed's Mester: Reiterates view that some 50bps rate hikes to be needed this year

Cleveland Fed President and FOMC member Lorreta Mester on Wednesday reiterated her view that we (the Fed) are going to need to do some 50bps rate hikes this year, reported Reuters. 

United States EIA Crude Oil Stocks Change below expectations (0.114M) in March 18: Actual (-2.508M)

United States EIA Crude Oil Stocks Change below expectations (0.114M) in March 18: Actual (-2.508M)
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EUR/USD remains on the defensive, bounces off lows near 1.0960

The selling pressure keeps hurting the single currency and drags EUR/USD to the area of weekly lows around 1.0960. EUR/USD weaker on USD-buying EUR/US
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