The dollar index (DXY00 -0.39%) is up +0.10%. EUR/USD (^EURUSD-0.03%) is down -0.08%. USD/JPY (^USDJPY+0.16%) is up +0.15%.
Jun 10-year T-note prices (ZNM18 -0-050) are down -4 ticks.
Chicago Fed President Evans said the Fed should continue gradually raising interest rates if data on consumer prices indicate inflation will soon reach its 2% target. He added, “the headwinds that we were facing have turned into tailwinds, fiscal policy has been much more supportive of further growth, and so the need for more accommodative monetary policy is less than it was before.”
Eurozone Apr Sentix investor confidence fell -4.4 to a 14-month low of 19.6, weaker than expectations of -3.2 to 20.8.
The German Feb trade balance was in surplus by +18.4 billion euros, narrower than expectations of +20.1 billion euros. Feb exports unexpectedly fell -3.2% m/m, weaker than expectations of +0.4% m/m and the biggest decline in 2-1/3 years. Feb imports fell -1.3%, weaker than expectations of +0.5% and the biggest decline in 8 months.
