Treasury Pulse

Global Forex Market

DESPITE the Fed chair’s hawkish comments on Tuesday before the House Financial Services Committee, as well as upbeat inflation and retail sales data this week, gaining 0.6% month on month (m/m) and 0.4% m/m, respectively, the Dollar Index fell this week by 0.5%, closing at 100.96 on Thursday. Inflation registered its highest reading since February 2013 while initial jobless claims rose to 239,000 from 234,000 for the week ending Feb 11. The S&P 500 climbed by 1.4% with funds flowing into all sectors except for telecom service and energy, on the back of the optimistic outlook for the US economy.