The dollar looked weak against the pound and strong against the euro on Friday, as the Brexit extension and German PMI data came into play. The euro’s weakness was a relief for the greenback, which had come under pressure earlier this week after the Federal Reserve surprised investors by abandoning all plans to raise rates this year.
The US also had a disappointing PMI data release, however, as it fell to a six month low. Growth had slowed in both manufacturing and service sectors. Housing Sales were more promising, jumping nearly 12% in February. This beat expectations after a disappointing January.
US-China trade face-to-face talks are set to resume in Beijing this week, aiming to agree on a deal by late April. This is set to end a year-long dispute between the world’s two largest economies and could affect the dollar’s performance.
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