Swiss Franc Futures Market News and Commentary
The dollar index (DXY00) on Friday fell by -0.25%. The dollar retreated from a 1-1/2 week high Friday and posted moderate losses on weaker-than-expected U.S. economic news on Feb ISM manufacturing, Jan construction spending, and the University of Michigan U.S. Feb consumer sentiment. A decline in T-note yields Friday also weighed on the dollar.
The U.S. Feb ISM manufacturing index unexpectedly fell -1.3 to 47.8, weaker than expectations of an increase to 49.5.
U.S. Jan construction spending unexpectedly fell -0.2% m/m, weaker than expectations of +0.2% m/m and the biggest decline in 15 months.
The University of Michigan U.S. Feb consumer sentiment index was revised downward by -2.7 to 76.9, weaker than expectations of no change at 79.6.
Atlanta Fed President Bostic said the Fed needs to hold interest rates higher for longer, so inflation recedes further and it won't have to go back and raise rates again.
Fed Governor Waller said he would like to see... Read more