Daily Morning Report 20.03.2017

The dollar was near six-week lows Monday after G20 finance ministers’ meeting over the weekend.

Under U.S. pressure, the G20 dropped a reference to “resist all forms of protectionism” in their communique.

Instead, the statement referred to working to “strengthen the contribution of trade to our economies.”

The dollar index was off 0.25% at 99.89 at 03:45 ET.

Investors are looking to comments by a number of Fed members this week for clues to timing of expected further hikes.

Fed Chair Janet Yellen is due to speak on Thursday.

The euro was near six-week highs above $1.07 as focus turns to French presidential elections next month.

A televised debate of the five candidates is scheduled for later Monday.
Former economy minister centrist Emmanuel Macron has emerged as the front-runner.

The dollar fell to the 112 level against the yen, with the Japanese markets closed for a holiday.