US Dollar Index looks offered near 95.70, focus on geopolitics By pabspiovano DollarIndex Currencies Majors
The index navigates the lower end of the recent range south of the 96.00 mark against the backdrop of the improvement in the risk complex. Indeed, markets appear to have welcomed the news of a meeting between US Secretary of State Blinken and Foreign Minister Lavrov at some point next week.
In the US calendar, the Conference Board will publish the Leading Index for the month of January, seconded by Existing Home Sales. In addition, Chicago Fed C.Evans , FOMC C.Waller , NY Fed J.Williams and FOMC L.Brainard are all due to speak later in the session.Better news on the Russia-Ukraine-US standoff lends some support to the risk-associated universe and weighs on the dollar at the end of the week.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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