The dollar is climbing after a Fed official says March is 'on the table'

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February 7, 2017 2:24 PM

The dollar is climbing.

Screen Shot 2017 02 07 at 7.51.51 AM

The US dollar index is up by 0.7% at 100.57 per dollar at around 7:51 a.m.The index's appreciation follows Monday evening comments from Federal Reserve Bank of Philadelphia President Patrick Harker,

The index's appreciation follows Monday evening comments from Federal Reserve Bank of Philadelphia President Patrick Harker, who told reporters that the Federal Reserve's meeting in March is a live option for a rate hike.

"March is on the table," he said. "I would never take a meeting off the table, it depends on how the data evolve."

Separately, there's a bit of economic data out on Tuesday. Trade balance will be out at 8:30 a.m. ET, Jolts Job Openings at 10 a.m. ET, and consumer credit at 3 p.m. ET.

As for the rest of the world, here's the scoreboard as of 8:03 a.m. ET:

euro
annual review
The review found that economic growth was likely to remain below 1% and that the debt-burdened country would most likely meet the preferred fiscal surplus target of most IMF directors.
Russian ruble
British pound
Japanese yen
Mexican peso

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