The dollar has steadied today and has stopped losing positions as we expect some important fundamentals from the United States. This stabilization came after current Fed chief Janet Yellen’s last meeting yesterday when the Federal Reserve affirmed its intention to increase interest rates in March based on positive economic statistics.
Today we have some important reports, in particular the non-farming payroll report, as well as some employment statistics.
Furthermore, the dollar is also stabilizing because traders are settling their sell positions from the last few weeks. Still, for the USD to kick off against other currencies more convincing data would be necessary.
In addition, there is also increased political uncertainty in the United States that has to do with President Trump’s past intention to fire the special counsel investigating him. However, the impact of this is still unclear.
