Optimism surrounding America’s $1.9 trillion relief bill restricted the US 10-year Treasury yields around 1.53%.
Market sentiment turns sluggish, US dollar is consolidating previous session's losses.
Passage of the US aid package is the key and should boost market sentiment, impacting USD crosses across the board.
In all likelihood, US president Joe Biden will also sign $1.9tn of fiscal relief into law this week.
Optimism rises that stimulus can reflate a battered economy without triggering a surge in inflation.
Caution prevails in the market and any disappointment will have major impact. Market focus also on key US Consumer Price Index (CPI) for February.
US Consumer Price Index (CPI) for February is expected to rise to 1.7% YoY versus 1.4% prior.
Key Pairs: (05:00 GMT)
DXY : 92.15 (+0.21%)
USD/JPY : 108.83 (+0.33%)
EUR/USD: 1.1879 (-0.17%)
GBP/USD: 1.3865 (-0.15%)
