USD: Focus on Powell speech later today

The dollar is strong against a basket of currencies this morning, helped once again by rising US Treasury Yields. This comes ahead of a series of data releases today, which will be followed by a speech from Federal Reserve Chair Jerome Powell.

Powell’s speech will be listened to closely for any change of tone ahead of the next FOMC policy meeting, which is due to take place on the 16th and 17th of March. It will also be interesting to hear if he voices concern over the recent sell-off of treasuries.

Jobless claims figures and factory orders will be released for the US today, ahead of Non-Farm Payrolls tomorrow.

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