US Dollar Index looks to extend the upside above 96.00

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  • DXY trades with mild gains just above the 96.00 mark.
  • US yields trade within a mixed tone around Friday’s levels.
  • Investors’ attention remains on the Russia-Ukraine front.

The US Dollar Index (DXY), which gauges the greenback vs. a bundle of its main competitors, trades within a narrow range just above the 96.00 yardstick at the beginning of the week.

US Dollar Index focuses on geopolitics, yields

The index looks to extend the upside for the third session in a row in a context still favourable to the safe haven universe and always against the backdrop of rising cautiousness in light of the Russia-US standoff around Ukraine.

The US cash markets also remain vigilant, with yields navigating a narrow range and close to recent peaks. Indeed, the strong rebound in US yields following higher-than-expected US inflation figures in January and prospects of a tighter Fed’s rate path this year appear to be taking a breather as…

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