Here is what you need to know on Friday, March 1: The US Dollar (USD) outperformed its rivals on Thursday, with the USD Index (DXY) registering its highest daily close in over a week above 104.00.
Here is what you need to know on Friday, March 1: The US Dollar outperformed its rivals on Thursday, with the USD Index registering its highest daily close in over a week above 104.00. The DXY stays in a consolidation phase early Friday as focus shifts to ISM Manufacturing PMI for February. In the European session, Eurostat will release Harmonized Index of Consumer Price for February. Several Federal Reserve policymakers will be delivering speeches ahead of the weekend as well.
For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR /JPY . The benchmark 10-year US Treasury bond yield retreated below 4.3% with the initial reaction to PCE inflation data and Wall Street's main indexes opened in positive territory, causing the USD to lose interest on Thursday.
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