The markets are likely to continue to focus on the conflict in Ukraine this week, however, central bank meetings could also impact currencies.
The Federal Reserve will conclude its monetary policy meeting with a press conference on Wednesday and the Bank of England meeting will take place on Thursday. Interest rate hikes are expected on both sides.
However, currencies could respond to any comments from officials regarding the course of monetary policy in relation to the war in Ukraine.
After staging a recovery last week, the euro is likely to continue to respond to events in Eastern Europe this week. Russian and Ukrainian negotiators are due to speak via video link later today.
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