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Dollar eases but March rate hike bets still on

Published 03/03/2017, 07:10 pm
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Investing.com - The dollar lost some ground Friday but remained underpinned by March rate hike bets.
The dollar index was off 0.14% at 102.02 at 02:30 ET but remained on track for gains for the week.
Investing.com's Fed Rate Monitor Tool currently puts the odds of a March hike at 73%.
Fed Chair Janet Yellen and deputy chair Stanley Fischer are on deck later Friday.
They are expected to endorse hawkish comments by other Fed members on the rationale for a near-term rate hike.
ISM non-manufacturing PMI figures are due out after the opening bell.
The dollar extended its gains Thursday as initial jobless claims fell to their lowest levels since 1973.
The euro gained some ground but remained below the $1.06 mark. The dollar eased 0.23% to 114.16 yen.

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