XE Market Analysis: North America – Mar 05, 2019

The Dollar has remined generally underpinned, although holding within previous-day ranges against most currencies. EUR-USD settled above the two-week low the pair printed yesterday, at 1.1309. Yesterday’s soft construction spending data out of the U.S. and associated dip in Treasury yields took some of the wind out of the Dollar’s sails. Markets may also be factoring some downside risk to the U.S. February employment report, due at the end of the week, due to weather, some unwind of robust December and January gains, high claims numbers, and weak producer sentiment.