The dollar's surge in the first part of the week has given way to consolidation. The US dollar is sporting a softer profile against most of the G10 currencies. The Dollar Index is threatening to snap a three advance. Sterling is a notable exception following the weakest retail sales report since 2021. Most emerging market currencies, including China, Taiwan, and Mexico are slightly firmer. US President Biden is expected to sign a bill today that avoids a partial government shutdown but only extended the spending authorization until March 1 and March 8. The equity rally in North America yesterday, which saw the NASDAQ ... (full story)