Dollar index eyes 100 as Fed beats tightening drum

The dollar index moved closer to the 100 mark as Fed members indicated further tightening this year. The dollar index was up 0.10% at 02:30 ET at 99.88. The dollar was up 0.07% at 111.14 yen. The dollar index was helped by a weaker euro. The single currency was down 0.06% at $1.0759. Fed member Charles Evans voiced support for one or two more rate hikes this year. Fellow Fed member Eric Rosengren argued the case for up to four hikes this year to stop U.S. economy over-heating. The final reading of U.S. Q4 GDP is due out later in the session. Growth is forecast to be revised upward to 2.0% from a previous reading of 1.9%. Initial weekly jobless claims are expected to fall. The Trump administration reiterated its intention to unveil a $1 trillion infrastructure spending program later this year. The pound was steady at the $1.24 as U.K. triggered Article 50 for the U.K. to leave the EU.