Forex Today: Dollar steadies amid souring market mood By eren_fxstreet Currencies Majors Macroeconomics
The greenback continued to weaken against its major rivals on Thursday but the negative shift in risk sentiment helped the currency shake off the selling pressure early Friday. January Trade Balance fromarea and February Existing Home Sales data from the US will be featured in the economic docket but investors will remain focused on the headlines surrounding the Russia-Ukraine crisis.
Reflecting the souring market mood, US stock index futures are down between 0.3% and 0.6% in the early European session. Thereached its highest level in more than two weeks at 1.1138 on Thursday but seems to have lost its bullish momentum on Friday. The pair is moving sideways below 1.1100 in the European morning. GBP/USD
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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