FedA big bulk of US releases does little to alleviate the pressure that greenback faces since the Fed made its “dovish hike”. See 5 reasons for the dollar drop after the hike.
US jobless claims ticked down to 241K, within expectations. They remain low, but this is not news. Housing starts are up 3% to 1.288, above predictions. But permits are down 6.2% to 1.213 million (annualized).
There is good news on the manufacturing front: the Philly Fed Manufacturing Index for March stands at 32.8 points, a drop from last month but above predictions.
The figures tend to offset each other and today’s publication is no different. In addition, the echoes from the Fed are still heard.
Here is how recent moves look on the euro/dollar chart. The euro also enjoyed the favorable outcome in the Netherlands, where the extreme-right Freedom Party was defeated.
More: Fed decision in the Ides of March – all the updates in one place.
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