US Dollar may benefit from quieter market session, with major currencies extending gains

From Investing.com: 2025-02-17 05:18:00

Geopolitics takes centre stage as US markets enjoy a bank holiday, with gold and US dollar trying to recoup losses. Major currencies extend gains versus the dollar, while the yen benefits from strong GDP and the aussie prepares for the RBA meeting. European leaders meet in Paris for an emergency summit on Ukraine’s future. Euro gains despite dovish ECB, trading slightly below 1.0500 area. Pound’s recent gains could be threatened by upcoming data releases. Asia-Pacific region in focus as RBA and RBNZ hold monetary policy meetings. Yen benefits from strong data, with expectations for BoJ rate hike.



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