Optimism surrounding America’s $1.9 trillion relief bill restricted the US 10-year Treasury yields around 1.53%.
Market sentiment turns sluggish, US dollar is consolidating previous session's losses.
Passage of the US aid package is the key and should boost market sentiment, impacting USD crosses across the board.
In all likelihood, US president Joe Biden will also sign $1.9tn of fiscal relief into law this week.
Optimism rises that stimulus can reflate a battered economy without triggering a surge in inflation.
Caution prevails in the market and any disappointment will have major impact. Market focus also on key US Consumer Price Index (CPI) for February.
US Consumer Price Index (CPI) for February is expected to rise to 1.7% YoY versus 1.4% prior.
Key Pairs: (05:00 GMT)
DXY : 92.15 (+0.21%)
USD/JPY : 108.83 (+0.33%)
EUR/USD: 1.1879 (-0.17%)
GBP/USD: 1.3865 (-0.15%)


FxWirePro: NZD/USD neutral in the near-term, scope for downward resumption
FxWirePro:EUR/NZD gains some upside momentum but still bearish
EURUSD Spikes to 1.14306 on Fed Pause as Traders Eye Sell-the-Rally Setup
FxWirePro: USD/JPY eases ahead of Fed decision , Intervention risks linger
FxWirePro: USD/JPY edges higher as focus shifts to BOJ decision
FxWirePro: USD/ZAR firms ahead of Fed interest rate decision
FxWirePro: NZD/USD firms as Kiwi gains on strong ANZ business outlook data
FxWirePro : GBP/NZD strongly bearish despite upside attempts
FxWirePro: GBP/AUD gains some upside momentum but still bearish
FxWirePro: USD/ CNY remains soft ahead of Fed decision
JPY Action Bias: EURJPY and CADJPY Emerge as Extremely Bullish Pairs to Watch
FxWirePro: USD/ CNY hits one-month low,scope for futher downside
FxWirePro- Woodies pivot (Major)
FxWirePro: EUR/ AUD gains some ground , but remains on bearish path
Buy the Dips on EUR/JPY: Bullish Structure Points to 188 Target Ahead of Fed
FxWirePro: GBP/AUD gains above 1.9200 level , upside pressure builds
FxWirePro- Major Pair levels and bias summary 



