Economist expected the Consumer Confidence index to hit 111 in February. The Consumer Confidence Index, which measures consumers' assessment of current conditions in the U.S., hit 114.8 in February, according to data from The Conference Board. The Trump laundry list also included a call for lower drug prices and an unspecified new healthcare coverage plan. Overnight, the dollar traded lower against a basket of major currencies on Tuesday, following a mixed batch of U.S. economic data and ahead of Trump's speech to Congress. Investors noted upbeat that set the stage for global growth hopes.
referring to
FOREX-Dollar holds on to gains after Trump as Fed March hike in sight
New York Fed President William Dudley, among the most influential U.S. central bankers, said that the case for tightening monetary policy "has become a lot more compelling". Some analysts said Trump's speech, while lacking details on economic policies, did seem positive after a turbulent month in office. Money market futures FFH7FFJ7 were now pricing in about a 70 percent chance of a rate hike in March, compared to about a 30 percent or less at the start of the week. "Today was a 'good Trump', compared to the aggressive 'bad Trump' shown on Twitter," said Ayako Sera, market strategist at Sumitomo Mitsui Trust Bank. The dollar index, which measures the greenback against a basket of six major peers .DXY was last up 0.1 percent at 101.45.
FOREX-Dollar gains on March rate hike hopes ahead of Trump speech
However, the greenback sagged in January in the absence of specifics on tax reform. If he touches only the tax reform, the range would stay the same. New York Fed President William Dudley, among the most influential U.S. central bankers, said that the case for tightening monetary policy "has become a lot more compelling". "There are two key factors investors will look out for in Trump's speech: fiscal stimulus and tax reform," said Koji Fukaya, President at FPG Securities in Tokyo. The greenback rose 0.3 percent to 113.16 yen while the euro dropped 0.1 percent against the dollar to $1.0565 .
read more visit us forex
إرسال تعليق