The dollar is weaker against the euro and the pound due to talks of a meeting between President Biden and President Putin. As a ‘safe-haven’ currency, the greenback typically strengthens in times of crisis.
The crisis in Ukraine is likely to continue to impact the greenback over the coming week.
The US market is closed today due to the President’s Day holiday. However, there will be speeches from several Federal Reserve officials this week, as well as PMI data tomorrow and GDP figures on Thursday.
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