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Forex Today: Dollar steadies amid souring market mood

Here is what you need to know on Friday, March 18:

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 from the euro area 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.

Earlier in the week, headlines surrounding the Russia-Ukraine talks suggested that sides were moving closer to a peace agreement. On Thursday, however, Ukrainian and Russian officials noted there was no significant progress in negotiations. Meanwhile, a western official told Reuters that there still was a very big gap between the positions of Ukraine and Russia. On a more concerning note, ”Russia may be contemplating a chemical-weapons attack,” US Secretary of State Antony Blinken said.

Reflecting the souring market […]

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  • Forex Today: Dollar steadies amid souring market mood
  • Forex Today: Dollar steadies amid souring market mood
  • Forex Today: Dollar steadies amid souring market mood
  • Forex Today: Dollar steadies amid souring market mood
  • Forex Today: Dollar steadies amid souring market mood
  • Forex Today: Dollar steadies amid souring market mood
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