The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, pushes back on its recent decline and trades slightly below 107.00 at the time of writing on Friday.
The Greenback claws back ahead of the United States (US) preliminary Purchasing Managers Index (PMI) data release for February. European data released earlier in the day already revealed a further slowdown in the economic activity in Europe.
The US economic calendar finally offers some data releases that might move the Greenback. The preliminary S&P Global Services PMI for February will be the main driver this Friday.
Expectations are for a small uptick to 53 against 52.9 in the January reading. The University of Michigan will release its Consumer Sentiment Index and Inflation expectations as well for January's final reading.
Source: FXStreet
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