A major industry survey of fund managers shows a distinct cooling in enthusiasm for the Dollar.
The Dollar is weaker as part of the market's reaction to the news that U.S. President Donald Trump and Russia's Vladimir Putin agreed to start Russia-Ukraine peace talks following discussions on February 12.
U.S. Inflation Lands Above Expectations
- Category: USD
The Dollar rose after U.S. inflation strengthened across the board in January and diminished the odds of more than one Federal Reserve Rate cut in 2025.
Pound Sterling is seeing a softer trend emerge and a retreat to 1.2250 is a possibility for the coming week.