Business leaders are positive over the US growth

The latest February Business Leaders Survey has been released. Overall the business leaders' are very positive on the continuation of the US growth. We present some key data points-

• 48% of the respondents see better business activity compared to 12% seeing it falter. This somewhat diminishes the strength of the view that the strong dollar is pretty bad for the economy.

• 42% of the leaders' surveyed expect the business climate to improve compared to 9% expecting worsening.

• 37% expected better employment while 52% expected it to remain at the current level.

• 99% of the leaders' expect the wage to grow or stay at the same level. Recent employment data also pointed to higher increase in the pay.

These data has made us more encouraged with the US economy and better performance of the Dollar against many of its counterparts in 2015.Dollar index is trading at 94.30 as of now & up 0.2% for the day. Market awaits FOMC minutes to be released at 7 pm GMT.