United States Capacity Utilization came in at 76.7% below forecasts (76.9%) in February

Jane Foley, Research Analyst at Rabobank, notes that the CFTC data suggest that speculators have been paring long USD positions for around a year which tallies with the market’s increasingly less hawkish appraisal of FOMC policy in this period which culminated earlier this year in no 2016 Fed rate hikes being priced-in.