Yesterday the US dollar lost its winning streak - the dollar index basket (USDX) finished the trading day at the mark of 99.63. During the day the pair EUR/USD declined amid the US and Germany bond yields- the investors get rid of the euro and are looking for a more profitable investment instruments. At the end of the day the pair euro/dollar decreased.
The UK industrial production release failed to please traders with the strong data - at the end of February it had risen to 0.1% instead of 0.3% that traders had expected. This report shows that we should not except faster economic growth in the United Kingdom in the first quarter of this year. This factor with the US and the UK negative bond yields encouraged bears to short. However, by the end of the day the pair GBP/USD had increased.
The pair USD/JPY was trading different directed. There has not been published any important macroeconomic statistics. As a result, the trading day the pair USD/JPY finished with the price decrease.