DXY last sits at 96.61, virtually unch. on...>

DOLLAR: DXY last sits at 96.61, virtually unch. on the day, in the wake of

comments from Fed's dovish voter Bullard, who noted a weakening feedback from

outperforming labour mkt to inflation & suggested that the Fed is likely to miss

its inflation target to the downside in the next 5 years. 

- WTI & gold both trade flat at writing. 

- The dollar index added 12 pips yesterday, supported by struggling EUR. Worth

reminding that yesterday a top U.S. econ adviser Kudlow played down the

possibility of a Sino-U.S. trade deal being struck in the near future, while

U.S. President Trump said that he will not be meeting Chinese President Xi

before the March 1 tariff deadline. 

- DXY bulls look to yesterday's peak at 96.67 and a break above would allow them

to target 96.91, which represents the 1.0% 10-DMA envelope. Meanwhile, bears

look for a fall through yesterday's low/50-DMA at 96.38/37, followed by the

100-DMA at 96.24. 

- U.S. focus today turns to remarks from Fed's Daly.