XE Market Analysis: North America – Feb 27, 2019

The Dollar has extended the weakening streak put in place by Fed chair Powell’s “no rush to make a judgement” testimony yesterday. EUR-USD jumped back above 1.1400, testing yesterday’s three-week high at 1.1402. The U.S. currency posted concurrent losses against the Pound, Yen, Canadian Dollar and most other currencies. The February Eurozone ESI economic confidence came in fractionally better than expected, at 106.01 in the headline, while the ECB’s resident hawk Weidmann said that the central banks should see through near-term weakness in the economy.