Quotes from Western Union:
- The trade-weighted dollar held mostly steady as markets continued to eye critical Fed minutes this afternoon for direction on when the central bank might boost interest rates.
- Dollar sentiment looked a bit more vulnerable after underwhelming news on the economy. Housing starts fell by a larger than expected 2 percent in January while producer prices fell by a record 0.8 percent in January from the previous month, reinforcing the benign outlook for inflation.
- Take heed U.S. importers as any news that subtracts from America's positive fundamental backdrop would leave the dollar susceptible to a loss of altitude and your business exposed to higher costs for foreign invoices.