US Dollar Struggles Amid Release of Sanction Packages by EU and US

Friday, 23 February 2024, 13:28

The US Dollar (USD) faces additional pressure as the prospect of new sanction packages from the EU and US looms. The currency's decline this week is attributed to a negative correlation with risk sentiment, especially during a buoyant week for equities. This suggests that the US Dollar performs poorly in the presence of a risk-on tone in the markets.
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US Dollar Struggles Amid Release of Sanction Packages by EU and US

US Dollar faces pressure with sanctions looming

The US Dollar (USD) is closing this week’s performance at a loss. A correlation with the risk sentiment and the fact that equities had a very upbeat week makes it clear that the US Dollar does not thrive when there is a risk on tone present in markets.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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