The US dollar continued sliding against most of its major peers, with most major equity indices trading in the green, as bond yields continued to slide. What may have calmed fears over high inflation is the US CPI data for February.
As for today, the ECB decides on monetary policy. Following the latest rally in bond yields, ECB officials sounded concerned and thus, it would be interesting to see whether they will signal more action soon.
YIELDS CONTINUE TO RETREAT ON SOFT US INFLATION DATA
The US dollar continued trading lower against all but one of the other G10 currencies on Wednesday and during the Asian session Thursday. It lost the most ground versus NOK, Australian dollar, New Zealand dollar, and SEK in that order, while it was found virtually unchanged against CHF.
USD performance G10 currencies