Dollar strengthens as ECB sources attempt to revoke recent hawkishness - ANZ

Analysts at ANZ explained that the US dollar strengthened as attention focused on Brexit and dovish reports that an ECB source said the March meeting has been over-interpreted. 

Key Quotes:

"There was little new in UK PM Theresa May’s speech accompanying the triggering of Article 50. If anything it sounded a bit conciliatory in tone. The UK seeks a free trade agreement “of greater scope and ambition than any such agreement before” with the EU, the UK is not leaving Europe, it wants to work closely together, and the UK will seek opportunities elsewhere."

"Data releases were scant. As month end and quarter end approach, price action may well be skittish. The USD DXY index was back up at around the 100 level, the yield on the US 10-yr note was a touch lower at ~2.38% and for the most part stocks were mildly firmer (most European bourses and the S&P 500 were up, but the Dow was down). WTI was firmer, rising almost $1 to just over $49/bbl as oil inventories came in lower than expected. Gold was up 0.3% to ~1253/oz."