Forex Today: Russia-Ukraine peace talks not enough to trigger a relief rally By eren_fxstreet Currencies RussianFederation Ukraine Majors Macroeconomics
The positive shift witnessed in risk sentiment in the second half of the day on Monday remained short-lived with Russia ramping up its military presence in Ukraine. Investors remain cautious early Tuesday and the greenback holds its ground against its major rivals. Later in the day, inflation data from Germany and the ISM's February Manufacturing PMI from the US will be looked upon for fresh impetus.
US stocks futures indexes trade flat in the early European session on Tuesday and the benchmark 10-year US Treasury bond yield is up more than 1% at 1.86%. TheEarlier in the day, the data from China revealed that the business activity in the manufacturing sector expanded in February after contracting in January with the Caixin Manufacturing PMI improving to 50.4 from 49.1. In the meantime, the Reserve Bank of Australia left its policy rate unchanged at 0.
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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