In the US an important leading indicator for the industry had surged surprisingly. The purchasing managers index ISM had risen by 2.3 points to 56.6 points. Economists had expected a decline to 54.0 points. The indicator signals growth in the industry. In addition, the US economy created significantly more jobs in January than expected.
The US job market is in good shape .It is therefore questionable whether an extended break in the interest rate cycle of the US is appropriate. In the medium term I expect further interest rate moves by the Fed, Renewed interest rate hikes in the US would tend to shore up the dollar. The constant uncertainty regarding the brexit also depresses the euro .
Good luck to all and have a nice weekend