The Currency analytics
By Steven Anderson
The dollar kept its grip tight after Fed officials dropped their February 19 meeting minutes.
Fed minutes showed several officials pretty worried about inflation sitting above that 2% target they want to hit. Rate hikes look likely now.
The European Central Bank can't match the Fed's pace, and everyone knows it. Euro zone inflation data from last week showed prices rising, but the ECB seems hesitant to act as…
British pound held near $1.24 despite all the chaos across the pond. Brexit fallout continues to weigh on UK markets, but the Bank of England's recent rate hike gave sterling…
Yen dropped to 135.60 per dollar as Japan's central bank stuck with its easy money policies.
Australian dollar climbed to $0.73 after strong jobs numbers came out. Unemployment fell to 3.7% in January, the lowest level since the 1970s.
Central banks worldwide are scrambling to catch up with the Fed's hawkish turn.
Market watchers want more data before making big bets. U.S. employment numbers drop next Friday, and inflation data comes the week after.
ECB officials didn't comment after the Fed minutes came out. Traders are guessing what they'll do next.
Canadian dollar rose to 1.27 against the greenback after inflation data showed prices climbing 0.1% in January.
Swiss franc stayed put at 0.92 per dollar. Swiss National Bank Chairman Thomas Jordan said February 18 they'll keep fighting inflation no matter what.
Brazilian real dropped to 5.15 per dollar as political drama heats up again. President Jair Bolsonaro's approval ratings keep falling ahead of this year's election.
Gold fell to $1,850 per ounce as dollar strength hurt the precious metal. Investors dumped gold ETFs and bought Treasury bills instead.
Oil prices climbed with Brent crude hitting $85 per barrel on February 19. China's reopening after COVID lockdowns is boosting demand forecasts.
People's Bank of China releases manufacturing data next week. Factory output numbers will show whether China's economy is really bouncing back.