The dollar is benefiting from the momentum generated by very resilient US indicators, likely to prompt the Federal Reserve to postpone the easing of its monetary policy until May.

The dollar index is up 0.4% at 103.75, while the euro is symmetrically down -0.5% at $1.0830.
The dollar is also up +0.4% against the pound and the yen (148.75), and +0.3% against the Swiss franc.

In the absence of statistics, the 'fact of the day' is Bitcoin's continued fall towards $38,600, i.e. exactly -20% since its zenith of $48,000 on January 11 and 12 (date of approval of Bitcoin ETFs by the SEC).

No less than $1.250Bn have been collected on 'BTC' ETFs in 10 days... almost double the capitalization of Bitcoin ($765Bn).

In precious metals, the correction continues on silver with -2% towards $22.2/Oz, the lowest since October 11, 2023.




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