United States Chicago Purchasing Managers’ Index above forecasts (60.7) in March: Actual (66.3)

EUR/USD is trading above 1.17, but off the highs, as markets await President Biden’s critical infrastructure speech. Europe’s covid issues weigh on the euro while ECB’s Lagarde dared markets to test the bank. EZ CPI missed with 1.3%.  US ADP NFP also fell short with 517K.