The US dollar is higher across the board across major pairs as US disappointing data triggered anxiety that lead to a drop in stock markets. As positions were liquidated there was demand for the greenback. US durable goods came in under the forecast but the a more forward looking indicator the Philly Fed manufacturing Index fell to a negative reading highlighting worsening conditions.

The US central bank has already stressed patience after holding rates unchanged and pausing its balance sheet normalization program. Mixed data has validated their view on the economy, the stock market took the negative indicators as a signal that darkening clouds are more prevalent in the horizon and sought refuge in the US dollar.

US-China trade talks remain on track, but with little details on what the next moves are as the March 1 deadline approaches, the market paid more attention to the lower than expected US data on Thursday.