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Weekly Fundamental US Dollar Forecast: From Russia with Love; Rates Turn
The US Dollar had a mixed week, with the DXY Index rising by +0.07%. But several USD-pairs proved more volatile than the net-change of the DXY Index, as Russia-Ukraine headlines provoked meaningful swings. EUR/USD rates settled down -0.23%, GBP/USD rates added +0.24%, and USD/JPY rates fell by -0.37%. As US Treasury yields pullback and evolve in a manner that is less supportive of the US Dollar, the Russia-Ukraine crisis appears poised to remain the primary driver. Escalating headlines could weigh significantly on the Euro, which is the largest component of the DXY Index at 57.6%. Put simply, negative developments in ... (full story)