The US Dollar has maintained a bullish narrative as the war between Ukraine and Russia boosts demand for the safe-haven currency as key technical levels come into play
Crude oil prices extended higher after Russia launched an attack on Ukraine, raising concerns about supply constraints in an already tight market. Iran nuclear talks and US release of strategic…
The Euro continues to remain under pressure as the Russian invasion escalates. EUR/USD is likely to move lower while the ECB has some hard decisions to make.
USD/CAD could move lower in the coming days if market sentiment around the Russia-Ukraine crisis improves, and Bank of Canada delivers a hawkish interest rate hike at its March meeting.
Fresh data prints coming out of the US may keep the Dollar afloat as the Non-Farm Payrolls (NFP) report is anticipated to show a further improvement in the labor market.