Pillole giornaliere

The U.S. dollar rose above two-month lows but was poised for its first monthly decline of the year and its biggest since last summer. Data confirming the euro zone tipped into a double dip recession in the first quarter weighed on the euro, with sterling following suit. Canada’s dollar steadied ahead of key growth data this morning but not before it clocked another three-year high. For the week, the dollar was little changed as it found a modicum of support from higher Treasury yields. Before key U.S. consumer spending and inflation data, America’s benchmark 10-year was around 1.64%, above last week’s close below 1.57%. Dollar sentiment unraveled this month after the Fed insisted on a preponderance of strong data before telegraphing it would taper its unprecedented support to the economy.