From Nasdaq MarketSite:

The dollar weakened as markets anticipate U.S. economic data influencing potential rate cuts by the Federal Reserve. Bitcoin surged to over $57,000 after MicroStrategy’s $155 million purchase. The Fed is unlikely to cut rates in March, with expectations pushed to June due to strong U.S. data. Traders eye RBNZ’s meeting for possible rate hike to combat inflation.



Read more at Nasdaq MarketSite: FOREX-Dollar droops before key data, bitcoin soars above $57,000