020 7898 0500The US dollar lost a bit of its strength last week after the Federal Reserve hit a more cautious tone. As a result, the dollar was at a five-week low on Friday. This was the third straight trading session in which the dollar remained under pressure. This trend is likely to continue as we’ll be hearing more from Fed members this week.
Last week it was announced that US industrial production fell unexpectedly in January. Output declined by 0.1%. Other US data released on Friday showed a steadily improving US economy, with manufacturing output rising for a sixth straight month and consumer confidence for March also up.
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