XE Market Analysis: Europe – Feb 23, 2017

The dollar has consolidated post-FOMC minutes losses, which didn’t show any heightened risk for a March rate hike, and saw implied rates dip as some insurance for a more hawkish tone had been priced in. Risk for action next month fell to about 18% in Fed funds futures, versus about 25% to 30% last week after strong data and some hawkish Fedspeak. This backdrop inspired some dollar selling, though not much, and which didn’t follow through into the Asian session.

Source: XE news feed
XE Market Analysis: Europe – Feb 23, 2017