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The dollar dips as Powell signals that March is still data dependent

The USD has dipped after the Fed chair started his testimony saying that March is still dependent on data (i.e. the employment and CPI data to come). He reiterated that January data may have been influenced by better weather and seasonals. The expectations for jobs on Friday or for 225K increase with unemployment rate of 3.4%.

EURUSD: The EURUSD moved to a new intraday high at 1.05694. That has taken the price above the swing low from last Wednesday at 1.0564. The price is back below t... Read More

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Posted: Mar 8 2023, 15:34

Author Name: forexlive

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