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USD Surges On Rumours Of Discount Rate Hike

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G10 Advancers and Decliners vs USD
JPY -0.33
GBP -0.76
CHF -1.15
EUR -1.29
• Rumours of another hike to the US discount rate to be announced at 12:30 EST sent the USD surging; DXY up nearly 1% on day.
• UK PSNCR (Feb) grew to 7.7bln from 4.681bln in Feb 09 (11.0bln expected)
• UK PSNB (Feb) came out at 12.4bln (8.766bln Feb 09. Feb record. 14.75bln Exp
• Sweden’s Unemployment Rate unexpectedly ticked lower to 8.3% (8.4% expected, 8.4% prior)
• Switzerland Industrial…

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