US Dollar Takes Back Controle After Disappointing First Meeting on Ukraine
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is trading above 107.00 on Tuesday after disappointing comments on day one of United States (US) and Russia talks on Ukraine.
Several US officials have held a meeting with their Russian counterparts this Tuesday in Riyadh, Saudi Arabia, to try and work out a ceasefire or peace deal for Ukraine. First headlines that came out as the meeting ended, are that Russia is not seeing the need for a meeting between US President Donald Trump and Russian President Vladimir Putin this month, due to the number of demands Russia still has.
The economic calendar is again rather calm on Tuesday. The main event, the New York Empire State Manufacturing Index data for February already came out in surprise and snapped its contraction by turning positive for the first time in a couple of months. Up ahead, Federal Reserve Bank of San Francisco President Mary Daly and Federal Reserve Vice Chair for Supervision Michael Barr are set to speak later this Tuesday.
Source : Fxstreet