Morning Juice – US Session Prep (23rd February)

Sentiment
The dollar fell against most Group of 10 peers as President Donald Trump’s latest tariff plans revived concerns about US policy direction and the appeal of US assets. Treasuries were steadier, with the benchmark 10-year yield down one basis point.

The pound led gains among G10 currencies, rising 0.25% against the dollar alongside the Swiss franc. The euro and yen gained 0.21% and 0.18%, respectively.

German bunds were little changed after Ifo business climate data came in stronger than expected.

Docket
10:00 ET
US Factory Orders for December
Forecast: -0.6% | Prior: 2.7%  Range: 2% / -1.5%

Speakers & Events
10:00 ET
Trump participates in Angel Families Remembrance Ceremony

11:00 ET
Trump participates in a Policy Meeting

12:30 ET
ECB’s President Lagarde speaks on occasion of accepting the Paul A. Volcker Lifetime Achievement Award for Economic Policy.

13:00 ET
Trump participates in Executive Time

15:40 ET
RBA’s Plumb speaks at the 2026 ABE Annual Forecasting Conference in Sydney.

Good luck!