Forex news for North American trading on March 3, 2017
– February 2017 US Markit services final PMI 53.8 vs 54.0 exp
Markets:
– US 10-year yields up 1 bps to 2.49%
The US dollar finished the day near the lows despite more hawkish talk from Yellen and Fischer. Aside from saying ‘we’re going to hike on March 15,’ they couldn’t have been more explicit. Yet the dollar is down around a half-cent across the board. Why? The market is ‘selling the fact’.
