“As the expectation is growing that the US Fed may end the rate hike cycle as early as its March meeting, the dollar will become susceptible to any weak US data.”
“Unless the statement offers fresh indications that the US Fed will continue its rate hikes going forward, the current rebound will come to an end sooner rather than later.”
“With the US new home sales proving to be a positive surprise, traders who are still holding short dollar positions are likely to continue adjusting their positions this week.”
