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Geopolitical Risk Remains Main Catalyst

FOREX

Oscillations in sentiment surrounding the Russia/Ukraine crisis remain in the driving seat, with G10 currency pairs holding fairly tight ranges so far. Some relief has been offered by the news that U.S. Secretary of State Blinken has agreed to meet with his Russian counterpart Lavrov next week.

  • Demand for safe havens has waned, with JPY and CHF landing at the bottom of the pile. NZD leads gains after withstanding earlier light risk-off flows.
  • The data docket is headlined by UK & Canadian retail sales as well as U.S. existing home sales. Speeches are due from Fed's Evans, Williams & Brainard and ECB's Vasle & Panetta.

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