This Friday, the United States Bureau of Labor is likely to announce the U.S. economy probably lost -63K jobs in February, according to a Bloomberg survey. Not surprising, the US dollar has been under heavy selling pressure, on speculation the US Federal Reserve will keep the benchmark interest rates at a record low until the economy starts creating jobs. However, dollar bears should not forget about the latest Federal Reserve statement. “Although the federal funds rate is likely to remain exceptionally low for an extended period, as the expansion matures, the Federal Reserve will at some point need to begin to tighten monetary conditions to prevent the development of inflationary pressures”, the Fed said. Look for range-bound markets in the short-term and dollar strength in the second half of the year.