The post US Dollar Index consolidates while markets brace for a breakthrough in peace talks for Ukraine appeared on BitcoinEthereumNews.com.

The US Dollar consolidates ahead of a possible breakthrough on Ukraine.   Traders brace for headlines that could emerge from Riyadh this week.  The US Dollar Index (DXY) is stuck in the mid 106-range and is looking for direction.  The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is going nowhere this Monday and consolidates last week’s losses, trading flat at around 106.80 at the time of writing on Monday. The United States (US) economy is no longer an outlier, with several data points and the blood-red January Retail Sales data released last week pointing to slower economic growth. All eyes this week will be on Riyadh, in Saudi Arabia, where US and Russian officials are set to meet ahead of a meeting between US President Donald Trump and Russian President Vladimir Putin.  The economic calendar is very calm this week in the run-up to the S&P Purchasing Managers Index (PMI) data on Friday. Although the US bond market is closed due to the President’s Day bank holiday, the Federal Reserve (Fed) has three policymakers lined up to speak on Monday.  Daily digest market movers: US Markets closed US bond markets are closed on Monday due to the President’s Day bank holidays. Traders will need to be vigilant for any headlines coming out of Riyadh, where US and Russian officials are meeting in the runup to the meeting between US President Donald Trump and Russian President Vladimir Putin to agree on a deal for Ukraine.  At 14:30 GMT, Federal Reserve Bank of Philadelphia Patrick Harker delivers a speech on the economic outlook at the Central Banking Series Conference at the University of the Bahamas in Nassau. At 15:20 GMT, Fed Governor Michelle W. Bowman delivers brief remarks on the economy and bank regulation at the…

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Filed under: News - @ February 17, 2025 1:29 pm