XE Market Analysis: Europe – Mar 02, 2018

The dollar remained on a back foot following Trump’s apparent hitting of the trade way button, although it remains to be seen how targeted his proposed tariffs on steel and aluminium will be. Fed policy expectations remains in the spotlight, too, with hawkish remarks from Fed member Dudley serving to offset the impact from Fed chairman Powell’s testimony before the Senate yesterday, where he chose to walk back some of the hawkish notes he struck at his House testimony earlier in the week.