Thursday, March 2, 2017

Solid ISM manufacturing data, firm PCE core for Jan, hawkish Fed speaks and a more uniting Trump strengthened the USD and convinced more Fed ske





Global Markets Daily
by Saktiandi Supaat


FX Research





Solid ISM manufacturing data, firm PCE core for Jan, hawkish Fed speaks and a more uniting Trump strengthened the USD and convinced more Fed skeptics to price in a move this month. Probability of a rate move on the 15th implied by the Fed funds futures surged to 80% from just 35% earlier this week. The DXY index rose to levels around 101.80 overnight, closing above the 50-DMA for the first time since Jan. USDJPY was last seen above 114, USDSGD above 1.41, USDCNH 6.8740 ...

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