the Dollar recovers the day before FED minutes


The dollar recovered sharply against the euro towards 1.0910%, supported by a clear tension in long rates.
In the United States, the return on T-Bonds also breaks all ceilings with +14.4 Pts to 2.556%.

The US trade balance deficit came to $89.2 billion in February. Economists had forecast a deficit of $88.5 billion after 89.2
in January (revised from 89.7 billion).
The ISM for services in the United States (Institute for Supply Management) came out at 58.3 for March, compared to 56.5 for the previous month.

For its part, the S&P Global services index is also progressing: it rose from 56.5 in February to 58 last month.
Currency traders are betting on the announcement of the implementation of a more aggressive policy by the Fed tomorrow (‘minutes’ of the last FOMC): successive rate hikes of 50Pts are expected during the next 3 meetings.

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