The USD extends its decline against other majors.
Chinese banks reported almost zero growth of profit.
The trade balance report was released on Friday and has no significant impact on common currency
The US Dollar recovers losses against all majors.
Yellen’s verdict was unfavorable for the US Dollar.
It’s clear that the US Dollar gains strength against all majors well ahead of the Fed Rate decision on March 16.
Oil prices are confidently heading to the $40 level.
The US Dollar turned to a defensive stance on Thursday against its major international peers.
The USD bulls have strong grounds to stand by their bets, and Tuesday’s Manufacturing ISM data proved they are on the right track.
The biggest Oil producing nations will hold a meeting in the middle of March, where output talks will be resumed.
