U.S. data

• Export Price Index (m/m) (Feb), fact 0.6%, forecast 0.1%.
• Import Price Index (m/m) (Feb), fact 0.6%, forecast 0.3%.
• Initial jobless claims, fact 229K, forecast 225K.

Despite the growth in exports and imports of the United States, indicating the acceleration of the economy, the US dollar was under restrained pressure. The reason for the decline of the American dollar was data on the growth of unemployment benefits, which, after minimal growth in jobs, have grown, showing restrained upward dynamics of growth of the unemployed.

As a result, the US dollar index slowed growth on the correction, which was traced since the beginning of the day. The dollar index on the correction returned to a significant level of 96.70, retaining the potential for growth, if it is possible to consolidate above this level. General sentiment and market dynamics continue to depend on the British pound.

The US dollar index chart. The current price is 96.70 (10-year government bonds yield is the blue line)

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Hanzenko Anton

Earn with the help of the trade service on the news Erste News!

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