Forex Today: Dollar consolidates Fed-inspired gains, eyes on EU inflation, US NFP data By eren_fxstreet Currencies Majors Macroeconomics Metals CryptoCurrencies
Following the sharp drop witnessed on Wednesday, Wall Street's main indexes closed modestly lower on Thursday and the benchmark 10-year US Treasury bond yield moved sideways below 1.75%. After the Fed's December policy meeting minutes showed that policymakers saw it appropriate to start running off the balance sheet following the first rate hike, the market pricing of a March hike jumped above 70% before retreating to 63% early Friday. The US Dollar Index is moving sideways above 96.
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