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Renewed Greenback Strength On Fed Rhetoric, Data Docket Remains Light

  • The greenback has firmed early Friday, rallying against all others in G10 and the USD index sits around +0.55% approaching the NY crossover. The move is seen as a continuation of late greenback strength Thursday, which followed comments from both Fed's Bullard and Mester, prompting some moderate upside in March Fed rate pricing.
  • US Import/Export price indices are the data highlight Friday, which should keep focus on the speaker slate, with ECB's Villeroy and Fed's Barkin & Bowman on the docket. There are no major Latin American data releases on Friday.

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