hi, look this news from action forex for USD :
Dollar Hovers Near Record Low
Dollar continues to hover near record low against Euro despite stronger than expected personal income and spending growth in Jan. though, some profit taking is seen in Aussie and Loonie. On the other hand, the Japanese yen remains firm, supported by carry trade unwinding. Personal income rose 0.3% in Jan, while spending rose 0.4%. Both are better than consensus of 0.2% rise. Regarding inflation, headline PCE was up from 3.6% yoy to 3.7% yoy while core PCE was unchanged at 2.2% yoy. Both are also stronger than expectation.
Data from Eurozone were solid today. HICP inflation was up from 3.1% yoy to 3.2% yoy. Unemployment rate edged down from 7.2% to 7.1%. Though, business climate and economic sentiment edges down slightly. Gfk consumer sentiments in UK deteriorated further from -13 to -17 in Feb. Swiss KoF indicator continued the down trend and dropped from 1.70 to 1.65 in Feb, but was slightly better than expectation of 1.60.
Chicago PMI and U of Michigan consumer sentiment final print will be released later in the US session. markets would likely stabilize and even retrace some of the earlier moves this week and trades take profits from dollar short positions.
additional info : many analyze has sure FED will cut their rates for 50 or 75 base points, so we can see tha affect for UJ, that's cause many investor switch USD to Euro and Yen. GJ has going more down to 206.xx.
